Technical Input MBT

In the near term, we anticipate the stock to trade sideways between the P46.95 support level and the P50.50 resistance level. With a medium-term goal of P52.10 and P53.00 in mind, we suggest buying on support zones around the price of P49.90 and P49.95, with a tight mental stop placed if the stock closes below the price of P46.05.

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