First Philippine Holdings Corporation #FPH

FPH DAILY CHART

NOTES:

• Monthly chart is still bearish
• Short-term trend: from up to sideways
• 50MA is moving flat.
• STO is at oversold level, will the price bounce?

Possible scenarios:

1. If price will breakout from 75 level, next minimum target is at 80.
2. If price will breakdown around 70 level, next support will probably around 64.