FREE Technicals Talk: IMI (30 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.

 

NOTE: When this report was originally published on Jan. 30, 2018, IMI was trading at PHP 19.20 per share. Now, it’s trading at PHP 20.85 — an 8.6% increase in less than 2 weeks! Find out what our partner broker now recommends you to do. Buy, Sell, or Hold shares of IMI? Find out in this Premium stock report:

Technicals Talk: IMI (9 Feb 2018) by Regina Capital Development Corp.

 

Stock Code Company Broker Opinion Issued on Support Resistance
IMI Integrated Micro-Electronics Inc. Unicapital Securities 30 Jan 2018 18.00 / 17.00 20.00 / 23.00

 

IMI started rallying yesterday as it held support at PHP 17.00. We think that the stock is now on its reversal phase as it negated the bearish head and shoulder pattern.

 

Our Partner Broker’s Recommendation

We recommend a buy near PHP 18.00 and place a mental stop if it goes below PHP 17.00. Key resistance levels to watch are PHP 20.00 and PHP 23.00.

 

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.