DD:
- 20 day average (Bollinger Bands) about to cross up 50 day Moving Average (Daily Chart)
- Double Bounce at around 36 Php per share. (Weekly)
- MACD showing a BUY Signal. (Weekly and Daily)
- MACD above 0 for the first time since April 2017. (Weekly and Daily)
- Candles are near upper Bollinger Band, showing good momentum. (Daily)
If I were positioned in this, I would hold and wait for the breakout of the resistance at 41 to 41.5. Cut loss if support at 39.5-40 is broken.
If I were looking to buy, I would buy if it breaks out of the 41 to 41.5 range. Next nearest resistances are 41.5 and 44, around 1.9% or 7.9% gain if it breaks out and progresses.
Great earnings and growth for this company, just wait for the right valuations and let your own technical analysis lead you to buy into it.
These are merely my own analysis as a swing trader, and not any recommendation to buy or sell. Please study the charts and stocks before executing your own trades.
Learn how I analyze stocks using my trading system.