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22 Dec 2020 / by AP Securities (formerly Angping & Associates Securities)

FREE Technicals Talk: ACEN (22 Dec 2020) by AP Securities

The “Technicals Talk” section summarizes our partner brokers’ technical analysis of select PSE stocks. Technical Analysis relies on trends and price movements and is typically used in short-term trading. Learn how you can use this report in this PinoyInvestor guide.

 

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Our Partner Broker’s Analysis and Opinion
Stock Code Company Broker Opinion Issued on Support Resistance
ACEN AC Energy Corporation AP Securities (formerly Angping and Associates Securities) 22 Dec 2020 6.93 / 6.60 7.68 / 8.00

 

Rallied 8.3% setting a new all-time high at 7.15, backed by strong momentum and volume.

The absence of a resistance level might strengthen its potential to extend its rally as momentum was able to revisit the RSI70 level.

  • Breakout
  • Strong momentum

ACEN could test the next resistance levels at P7.68 and P8.00.

 

Our Partner Broker’s Recommendation

If strong sentiment persists, this might be a trading Buy opportunity. Place a stop-loss if stock price falls below P6.60.

 

This report is prepared by PinoyInvestor’s partner broker below. Sign up to this stock broker to avail of their complete trading brokerage services:

AP Securities (formerly Angping & Associates Securities)
AP Securities (formerly Angping & Associates Securities)

AP Securities (formerly Angping & Associates Securities) is one of PinoyInvestor’s partners in delivering superior and reliable stock research reports that help Filipino investors make smart stock investing decisions! Learn more about them here.