We think the stock has found a short-term bottom around P1,796.00. We recommend buying on dips around the P1,920.00 and P1,899.00 support levels, with a medium term resistance target of P2,030.00 and P2,130.00, and a tight mental stop loss of P1,850.00.

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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