Stock: PHA
Company: Premiere Horizon Alliance Corp.
Support: 2.85/ 2.52
Resistance: 3.27 / 3.30


Stock price of PHA was able to jump by 13.08% or 0.34 pts on Tuesday’s session alone. Buying pressure on the stock has continued to increase with momentum stabilizing.

Likewise, MACD is bound for a bullish convergence as its bearish histograms have almost diminished completely. In the short-term, the market might just be able to trade PHA near its resistance at 3.27 as its RSI is still far from the overbought region.

Recommendation

Sell on rallies.

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