Company: Cebu Air Inc.
Support: 48.10 / 47.00
Resistance: 51.85 / 54.00
We expect the stock to become a potential bullish trend reversal for as long as it stays above P46.00.
We recommend buying on dips near P48.10 and P47.00 support zones with a medium term target of P51.85 and P54.00, place a mental stop if the stock closes below P46.00.