FREE Technicals Talk: RLC (17 Nov 2020) by First Metro 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
RLC Robinsons Land Corp. First Metro Securities 17 Nov 2020 15.00 / 14.00 16.00 / 17.10

 

In mid-October, RLC started to break out of its consolidation area, but the stock was sold down on strong volume after reaching a 3-month high of P17.10.

While RLC failed to stay above P16.00, we nonetheless think that there will be bargain hunters who will buy RLC at subsequent support levels.

 

Our Partner Broker’s Recommendation

We suggest buying on pullbacks until P15.00. Set cut loss below P14.00.

Profit- taking level for short-term traders is at around P20.00.

 

See all reports for this stock here.

This report is prepared by PinoyInvestor’s partner broker below. Sign up to this stock broker to avail of their complete trading brokerage services:

First Metro Securities
First Metro Securities

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