FREE Technicals Talk: NRCP (9 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 stock report was published, NRCP was trading at PHP 1.14 per share. In just one week, it’s now trading at PHP 1.35. That’s an 18.4% price increase! Should you continue to Hold or Buy or start Selling the stock? Find out where the stock price is expected to go in this updated Premium technical analysis report: Technicals Talk: NRCP (17 Jan 2018) by Unicapital Securities

 

Our Partner Broker’s Analysis and Opinion
Stock Code Company Broker Opinion Issued on Support Resistance
NRCP National Reinsurance Corp. of the Phils. Unicapital Securities 9 Jan 2018 1.12 1.22 / 1.29 / 1.36

 

NRCP broke out from a bullish double bottom pattern. We think that it might retest its previous high of PHP 1.29 as the movement looks strong.

 

Our Partner Broker’s Recommendation

We recommend a hold and place a trailing stop at PHP 1.12. Key resistance levels are PHP 1.22, PHP 1.29 and PHP 1.36.

Should you continue to Hold or Buy or start Selling the stock? Find out where the stock price is expected to go in this updated Premium technical analysis report: Technicals Talk: NRCP (17 Jan 2018) by Unicapital Securities

 

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.