Technical Anlaysis MEG

Stock: MEG
Company: Megaworld Corporation
Support: 3.60 / 3.56
Resistance: 3.80 / 4.00

We expect the stock to become a potential trend reversal for as long as it stays above P3.56 in the short term.

Recommendation

We recommend buying on support zones near P3.60 and P3.56 with a medium term target of P3.80 and P4.00.

Place a strict mental stop if the stock closes below P3.5

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