Stock: DELM
Company: Del Monte Pacific Limited
Support: 12.30
Resistance: 16.00

We expect the stock to remain bullish and consolidate between P12.30 support and P16.00 resistance in the short term.

Recommendation

We recommend trading the range and buying on the support zones near P13.02 and P12.30 with an objective to sell at P14.92 and P16.00, place a strict mental stop if the stock closes below P12.30.

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