Stock: PX
Company: Philex Mining Corp.
Support: 6.14
Resistance: 7.09

PX encountered resistance at P7.09 to close at P6.58.

We expect the stock to remain bullish and range between P6.14 support and P7.09 resistance in the short term.

Recommendation

We recommend buying on dips at the support zones near P6.35 and P6.14 with a target of P8.00, place a strict mental stop if the stock closes below P6.00.

Material in this article is obtained from sources we believe to be reliable, but its reliability or precision cannot be guaranteed. This is for the sole purpose of providing details and does not provide an offer from us to buy or sell securities mentioned in this document.

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