Stock: MWC
Company: Manila Water Company
Support: 15.40
Resistance: 16.90
We expect the stock to establish a new consolidation pattern between P15.40 support and P16.90 resistance in the short term.
Recommendation
We recommend buying on dips near P15.86 and P15.40 with a target of P16.90 and P17.78, place a mental stop if the stock closes below P15.00.
