Technical Analysis MWC

Stock: MWC
Company: Manila Water Company
Support: 14.90 / 13.80
Resistance: 16.50 / 17.14

  • Breakout on EMA200 above 20-day average volume.
  • MACD crossover.
  • Momentum recovery.
  • Breakout on symmetrical triangle.

Recommendation

  • Trend reversal.
  • Target price: 16.50 / 17.14.
  • Stop loss level: if falls further below 14.90 / 13.80.

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