FREE Technicals Talk: MAC (21 Dec 2017) 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 Dec. 21, 2017, MAC was trading at PHP 22.15 per share. Now, it’s trading at PHP 25.70 — a 16.03% increase! Find out what our partner broker now recommends you to do. Buy, Sell, or Hold shares of MAC? Find out in this brand-new Premium stock report:

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

Our Partner Broker’s Analysis and Opinion
Stock Code Company Broker Opinion Issued on Support Resistance
MAC MacroAsia Corp Unicapital Securities 21 Dec 2017 21.00 / 20.00 23.00

 

MAC established a bottom at PHP 20.00. We believe that it is forming a bullish inverted head and shoulder pattern with a breakout point of PHP 23.00.

 

Our Partner Broker’s Recommendation

We recommend a buy below PHP 23.00 and place a mental stop at PHP 21.00.

Key resistance to watch if PHP 23.00 breaks are PHP 25.00, PHP 27.5 and PHP 30.00.

 

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.