FREE Technicals Talk: MAC (21 Oct 2020) by AP 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.

 

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Our Partner Broker’s Analysis and Opinion
Stock Code Company Broker Opinion Issued on Support Resistance
MAC MacroAsia Corp AP Securities (formerly Angping and Associates Securities) 21 Oct 2020 4.95 5.90

 

As volume recovers, MAC was able to exhibit a strong breakout from its symmetrical triangle pattern and EMA 100.

With its recent volume, momentum, and bullish MACD crossover, MAC may revisit its resistance level at PHP 5.90 per share.

  • Strong breakout
  • Overbought

 

Our Partner Broker’s Recommendation

We see this as a Trading Buy opportunity. Place stop loss if the stock falls below PHP 4.95.

 

 

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AP Securities (formerly Angping & Associates Securities)
AP Securities (formerly Angping & Associates Securities)

AP Securities (formerly Angping & Associates 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.