Stock in Focus: PhilWeb Corp. (WEB)

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PhilWeb Corporation (stock symbol: WEB) bucked the trend today as the stock declined 5.99 percent, below the 9.00 psychological level.

If 8.00 breaks down, price could spiral down to 4.00-6.00 area before catching any possible support. A good bounce before the week ends could save this stock.

The Commodity Channel Index (CCI) is in serious bear territory as a result of today’s decline.

TP’s Advice: Be careful, avoid this stock for now.

WEB Daily chart, January 22, 2014

WEB Daily chart, January 22, 2014

 

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