FREE Technicals Talk: EEI (19 Nov 2020) by First Metro 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.

 

NOTE: We’re giving you this Premium Technical Analysis report for free! Do you want complete and unlimited access to all exclusive PSE stock recommendations? Simply register here for a free account or upgrade your membership for as low as PHP 399.00 to get full Premium Access!

 

Our Partner Broker’s Analysis and Opinion

Stock Code Company Broker Opinion Issued on Support Resistance
EEI EEI Corporation First Metro Securities 19 Nov 2020 7.45 7.80

 

After EEI’s rally from Sept to Oct 2020, the stock seems to be consolidating and is poised for another run-up once it breaks above P7.80.

It is worth noting that P7.80 is a key level for the stock and initially acted as a strong support back in 2018.

 

Our Partner Broker’s Recommendation

We recommend buying EEI once the stock breaks out above P7.80 on strong volume.

Set cut loss below P7.45 and profit-taking levels at P8.80-P9.00.

 

See all reports for this stock here.

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

First Metro Securities
First Metro Securities

First Metro 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.