East West Banking Corporation #EW

EW Daily Chart

NOTES:

• Main trend: Bearish
• Short term trend: Uptrend
• Seller's area: 18.38
• Buyer's area: 16.76
• This stock had a successful breakout last May 17, 2016 with evident volume spike and it is currently moving in uptrend channel.
• Best to use pullback strategy.
• Target according to Fib level:

           61.8% = P20.85
           38.2% = P24.95
           23.6% = P27.49