FREE Technicals Talk: POPI (7 Feb 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.

 

Our Partner Broker’s Analysis and Opinion
Stock Code Company Broker Opinion Issued on Support Resistance
POPI Prime Orion Philippines Inc. Unicapital Securities 7 Feb 2018 2.49 2.67 / 2.89

 

POPI established a support at PHP 2.49 and it is still bullish in the medium term. We believe the stock is already forming a bullish pennant pattern and will attempt to break the psychological resistance at PHP 2.67 and PHP 2.89 in the short term.

 

Our Partner Broker’s Recommendation

We recommend a buy on breakout of PHP 2.67 with a price target of PHP 2.89 and PHP 3.19, place a mental stop if the price falls below PHP 2.49.

 

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.