Stock in Focus: Philippine National Bank (PNB)

FacebookPinterestPrintEmailShare this!

Buyers have blown the lid off Philippine National Bank (stock symbol: PNB) since my last post back in early-April, breaking the deadlock which has kept price close to the 80 level for over 5 months.

We are currently preparing the newsletter and a Mid-Year Analysis (MYA). Be ready to subscribe soon, so you can get the Free MYA and all future articles directly in your inbox. Stay tuned! Meanwhile, you can get updates and post your comments on this page (click here)
Philippine Stock Exchange, Philippine National Bank_PNB Daily chart, July 9, 2014

PNB Daily chart, July 9, 2014

We have a clear support around the 87-88 area, followed by 85 and 80. At the topside, the May high close to 95 is the only obstacle to a move toward 99-100. The latter could be reached in 2 to 4 weeks if bulls can gather a considerable number of troops.

The Moving Average Convergence Divergence (MACD) is barely negative and could go either way at this point.

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

Submit a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

X

Forgot Password?

Join Us