FREE Technicals Talk: EAGLE (11 Jan 2018) 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.

 

Our Partner Broker’s Analysis and Opinion
Stock Code Company Broker Opinion Issued on Support Resistance
EAGLE Eagle Cement Corp Unicapital Securities 11 Jan 2018 15.30 / 15.00 15.60

 

EAGLE encountered resistance at PHP 15.60 and it is still consolidating in the medium term. We believe the stock will form a bullish higher low at PHP 15.30 and will attempt to break out of consolidation in the short term.

 

Our Partner Broker’s Recommendation

We recommend a BUY near PHP 15.30 with a price target of PHP 16.00 and PHP 16.40, place a mental stop if it falls below PHP 15.00.

 

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Unicapital Securities
Unicapital Securities

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