FREE Technicals Talk: MM (18 Jan 2021) by AP 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 PinoyInvesor guide.

 

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Our Partner Broker’s Analysis and Opinion
Stock Code Company Broker Opinion Issued on Support Resistance
MM MerryMart Consumer Corp. AP Securities 18 Jan 2021 7.00 / 6.80 8.20 / 8.56

 

To introduce wholesale membership to compete with SnR and Landers.

Has a potential to exhibit a breakout on its flag pattern.

Rebounded near the 61.8% Fib retracement level.

Sustained momentum above RSI50.

 

Our Partner Broker’s Recommendation

Trading buy.

Target price: 8.20 / 8.56.

Stop loss level: If falls below 7.00 / 6.80 (EMA20).

 

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

AP Securities (formerly Angping & Associates Securities)
AP Securities (formerly Angping & Associates Securities)

AP Securities (formerly Angping & Associates 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.