FREE Technicals Talk: PXP (19 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
PXP Philex Petroleum Corporation Unicapital Securities 19 Feb 2018 11.18 13.72 / 15.50

 

PXP broke out from the consolidation between PHP 7.09 and PHP 12.30. We believe it will test the resistance levels of PHP 13.72 and PHP 15.50 in the short term.

 

Our Partner Broker’s Recommendation

We recommend a buy and place a mental stop if it falls below PHP 11.18.

 

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

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