FREE Technicals Talk: GLO (2 Nov 2017) 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 for short-term trading. Learn how short-term traders should use PinoyInvestor here.

 

Our Partner Broker’s Analysis and Opinion
Stock Code Company Broker Opinion Issued on Support Resistance
GLO Globe Telecom Inc. First Metro Securities 2 Nov 2017 2000.00 2130.00 / 2252.00

 

GLO is stuck in consolidation as it trades at the low end of its range. The stock is currently testing a strong support at PHP 2,000.00.

 

Our Partner Broker’s Recommendation

Trade the range. Buy at current levels to sell near resistance.

Watch out for a breakdown and sell/avoid if it happens. Resistance levels are at PHP 2,130.00 and PHP 2,252.00 while support is at PHP 2,000.00.

 

 

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First Metro Securities
First Metro Securities

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