Stock in Focus: Macay Holdings (MACAY)

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Financial firm Macay Holdings Incorporated (stock symbol: MACAY) has seen a very steady uphill climb before going into quiet mode between 40 and 43 during the previous months.

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Philippine Stock Exchange, Macay Holdings_MACAY Daily chart, September 4, 2014

MACAY Daily chart, September 4, 2014

MACAY is currently trading in new territory. Will it continue to go up?

Near-term support is expected at 40. There is no resistance so far, so the sky is the limit.

The MACD Oscillator (MACD-O) has shown some bearish divergence.

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

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