Stock: DMC
Company: DMCI Holdings Inc.
Support: 5.40
Resistance: 5.82

DMC encountered resistance at P5.70 to close at P5.60.

We believe the stock will range between P5.40 support and P5.82 resistance the short term.

Recommendation

We recommend buying on dips at the support zones near P5.51 and P5.40 with a resistance target of P5.82 and P6.24, place a strict mental stop if the stock closes below P5.20.

Material in this article is obtained from sources we believe to be reliable, but its reliability or precision cannot be guaranteed. This is for the sole purpose of providing details and does not provide an offer from us to buy or sell securities mentioned in this document.

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