Tuesday, December 1, 2009

Philippine Market Tip #2

MWC: Manila Water Corp.

Technicals: The stock has been bullishly consolidating at its highs for the past few weeks, and the MACD indicates (near 0 line) that it may explode soon. Moreover, MWC is a defensive stock, so, chances are, it will hold even if the market crashes.

Entry Price: 16-16.5
Target: 18
Cut: 15.5-15.75

I'm still all-in in MPI so I'm not going to execute this trade. :)

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