PHB Faces Formidable Resistance, Support Zone in Focus

22 мая 2023 г.

The PHB (Placeholder) stock faces significant resistance at the daily level around the $0.95 mark, resulting in a notable rejection. On the other hand, a reliable support range is observed between $0.566 and $0.608, which could potentially lead to a retest of this particular zone. Consequently, it is advisable to consider this area as a no-trade zone for PHB. Additionally, the Relative Strength Index (RSI) currently stands at 45, indicating a moderate level. Furthermore, the Moving Average Convergence Divergence (MACD) demonstrates a value of -0.0329.