FREE Technicals Talk: ICT (14 Jul 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 in short-term trading. Learn how you can use this report in this PinoyInvestor guide.

 

UPDATE: Since this report was published, the stock price of International Container Terminal Services Inc. (ICT) has risen by 4.54% in just 1 week.

ICT’s price grew from PHP 101.40 in June 14, the date this report was published, to PHP 106.00 last Friday.

 

 

Stock Code Company Broker Opinion Issued on Support Resistance
ICT International Container Terminal Services Inc. First Metro Securities 14 Jul 2017 100.00 / 96.00 107.20

 

ICT retreated after revisiting highs at PHP 107.20.

The stock may consolidate its gains and trade within a range in the next few days.

 

Our Partner Broker’s Recommendation

Trade the range. Buy near support and sell near the highs.

Resistance is at PHP 107.20 while support levels are at PHP 100.00 and PHP 96.00.

 

See all reports for this stock here.

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First Metro Securities
First Metro Securities

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