Stock: SUN
Company: Suntrust Home Developers Inc.
Support: 1.87
Resistance: 2.28


SUN encountered resistance at P2.28 to close at P2.01.

We expect the stock to remain bullish and range between P1.87 support and P2.28 resistance in the short term.

Recommendation

We recommend buying on dips near the support zones at P1.94 and P1.87 with a target of P2.47 and P2.60. Place a mental stop if the stock closes below P1.87.

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