Stock: CEB
Company: Cebu Air Inc.
Support: 45.50 / 43.80 / 41.00
Resistance: 49.30 / 55.00


CEB has broken out from its resistance level of 45.50 to close at 47.60

We expects that in order to be a trend reversal candidate, it has to stay above 41.00 in the short term

Recommendation

Accumulate on dips near 45.50 and 4.30 and place a mental stop loss if it closes below 41.00.

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