Disclaimer: This is my personal stock chart diary and doesn't suggest any trading tips. Due diligence is a must.

My personal trading mantra: Keep It Simple Stupid

Friday, April 29, 2016

Pepsi-Cola Products Philippines #PIP

PIP Daily Chart
NOTES:

  • Major trend: Bearish
  • Short term trend: Up
  • Seller's area: 3.88-4.00
  • Buyer's area: 3.65-3.72
  • Weak momentum
  • Possible scenario: After the ex-div date, others will probably unload some shares. If it breaks 3.65 level, next support area will be around the 100MA 3.50.

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