Stock in Focus: East West Banking Corp. (EW)

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Like AEV, buyers of East West Banking Corp. (stock symbol: EW) are in full control of price (so far this year), enjoying a rally that’s been ongoing since early February.

Philippine Stock Exchange_EW Daily chart, March 5, 2014

EW Daily chart, March 5, 2014

Initial support lies around 26-28, as well as the ascending trendline. It remains to be seen if EW is bullish enough to conquer the near-term resistance level at 30.

TRIX maintains its bullish formation as EW aims for a move toward the 30 level.

Do you have EW in your portfolio? Share your thoughts below!

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