FREE Technicals Talk: NIKL (3 Nov 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.

 

Our Partner Broker’s Analysis and Opinion
Stock Code Company Broker Opinion Issued on Support Resistance
NIKL Nickel Asia  Corp. Unicapital Securities 3 Nov 2017 7.00 / 6.50 8.00

 

NIKL broke out from the downtrend channel after its consolidation between PHP 6.53 and PHP 7.23.

We believe that it will attempt to retest the psychological resistance at PHP 8.00 in the short term.

 

Our Partner Broker’s Recommendation

We recommend to Buy on dips near PHP 7.00 and below with a price target of PHP 8.17 and PHP 8.50, place mental stop if it falls below PHP 6.50.

 

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Unicapital Securities
Unicapital Securities

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