Currently the price is located the at support. If you are already itching to buy this stock, you can buy near the support, as long as this support (11.60) holds and sell if it breaks.
If not let's wait for a clear reversal before we enter.
Range between 11.60 - 12.22, bigger range 11.60 - 12.84.
Resistance points 12.22 and 12.84 which are also our target points.
other indicators:
RSI - OVERSOLD
CCI - OVERSOLD
Analysis done by Finance Maverick Philippines.
Please note
that materials contained in this article are for educational purposes only, it
is not a recommendation to BUY or SELL any security. How the information would
be used would be at the discretion of the reader.
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