MIC (Chart: Daily Resistance: 9.20/ 10.00/ 11.50 Support: 7.80/6.50)
MIC gapped up with volume on the first trading day. Target price of P13.00 is not yet reached. Price is currently near 8.10. MIC has currently developed into a flag/pennant formation with a target price of 11.50. Support is currently at 7.80, resistance at 9.20 and 10.00.
PLTL (Chart: Daily Resistance: 8.10 Support: 7.60)
PLTL also gapped up with volume on the first trading day. Currently it is consolidating inside a small ascending triangle with a target price of around 8.60. The target price of P9.00 for the ascending triangle where it broke out from (at 7.30) is still not achieved. Getting in at this point is a little bit risky as price is in its halfway point.
MPI(Chart: Daily Resistance: 5.30/5.50/5.80 Support: 4.60/4.20)
Large volume for MPI for the last 2 trading days. This is a candidate for a flag/pennant formation.
WEB (Chart: Daily Resistance: 0.060 Support: 0.055)
WEB is currently in a symmetrical triangle. For the short term, it is consolidating inside an ascending triangle with resistance at 0.060. If it breaks out of the ascending triangle, target price is at 0.075. A breakout from the symmetrical triangle would have a conservative target price of 0.085.
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