FREE Technicals Talk: SMPH (8 Dec 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
SMPH SM Prime Holdings Unicapital Securities 8 Dec 2017 35.10 / 35.00 38.00

 

SMPH established support at PHP 35.10 and still bullish in the medium term.

We believe it will consolidate between PHP 35.10 and PHP 36.80 before it attempts to retest the psychological resistance of PHP 38.00.

 

Our Partner Broker’s Recommendation

We recommend a hold with a target of PHP 38.80 and PHP 40.00 and place a mental stop if the price falls below PHP 35.00.

 

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Unicapital Securities
Unicapital Securities

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