ABS-CBN Corporation (ABS) has breached its interim high of Php40.00 last September 17. This new break will likely lead for an extension of its recent up wave and carry the stock to a higher level. If ABS can at least stay above Php40.00 then it will be able to aim for a new target of Php45.00. A fall below its new support at Php40.00, however, will nullify the breach and may quickly send it back to Php35.00.
*Consensus target price or average target price given by the major foreign and local brokers of various stocks are available in our Equity Advisor!
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