Stock in Focus: Pepsi-Cola Products Phils. (PIP)

FacebookPinterestPrintEmailShare this!

Pepsi-Cola Products Philippines (stock symbol: PIP) has been a problematic stock for buyers for more than four months now as sellers camped at the 5.00 area have been very resilient since my last post back in April. PIP has been kept below this level for a considerable period of time and it just makes more bulls uneasy.

Have you subscribed yet? Get the PSE Index Mid-Year Analysis (MYA) and articles straight to your inbox! Subscribe here now!
Philippine Stock Exchange, Pepsi-Cola Products Phils_PIP Daily chart, July 25, 2014

PIP Daily chart, July 25, 2014

As it stands now, 4.00-4.50 must hold to keep this stock (barely) breathing. PIP needs to cross above the tough resistance at 5.00 to keep it afloat. The next strong resistance is at the 6.00 area. Break 4.00 and sellers will open the floodgates back toward 2.00.

The Relative Strength Index (RSI) is looking to move higher from the 50 level — only if price can get past 5.00.

Do you have PIP 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Your email address will not be published.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>


Forgot Password?

Join Us