FREE Technicals Talk: CHP (24 Jan 2020) by Unicapital 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
CHP CEMEX Holdings Philippines Inc. Unicapital Securities 24 Jan 2020 1.67 1.79 / 1.86

 

CHP broke out from the resistance at P1.67 to close at P1.73.

We believe this is a bounce play opportunity for the stock to retest the resistance levels at P1.79 and P1.86.

 

Our Partner Broker’s Recommendation

If you have stock positions bought below P1.67 we recommend to hold and place a trail stop if the price falls below P1.70.

 

 

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

Unicapital Securities
Unicapital Securities

Unicapital 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.