[19W36 ] Pepsi-Cola Products Philippines, Inc. (PIP) Update
Today, my first resistance price of 2.00 from its all-time low of 1.13 on 15-May-2019 had been broken out. I strongly believed that PIP’s 2019 1st semester decent fundamental results will sustain to smash-up my 2nd resistance price of 2.40 anytime soon.
Once the 3rd quarter financial results kick up, then my 3rd resistance price of 3.10 maybe hit in no time. Otherwise, consolidation is expected in a sideways trend ranging from 2.40 to 3.10 in the near medium term.
If the positive fundamental results continuously pick up, then the all-time high price of 4.09 on 12-Feb-2017 is in plain sight.
DISCLAIMER: I'm not a Certified Financial Planner. Published herein is my personal opinion and should not be construed as a recommendation, an offer, or solicitation for the subscription, purchase or sale of this security.