ABS-CBN Corporation (ABS) may be due for a rebound soon as it approaches both its support at Php38.00 and its uptrend line. Should ABS bounce from this level then it may head back towards Php40.00 to Php41.00. A fall below Php38.00, on the other hand, could send it to around Php36.00.
Buy at present level or closer to Php38.00
Target at Php40.00 to 41.00
Cutloss at Php36.50