$T – TKC Metals Corp. (Analysis) 30July2016

TKC Metals Corporation and its subsidiaries produce world-class quality steel and metal products, serving the needs of long steel and metal producers and various industries, from construction and water utilities, to oil and gas exploration and other developments around the world. - http://tkcmetals.com.ph/

$T Daily

$T Intraday

$T closed at 1.96, bouncing from 1.88 (bottom fishing price; support) to as high as 2.02 (downtrend continuation price; resistance) based on the QuantDS PSE table. Price now at the oversold level and poised to move upward as the momentum increases. The sideways trend might continue. Swing trade between 1.88 and 2.59.

Support levels: 1.73, 1.68 | Resistance levels: 2.59, 2.92 | Pivot: 1.95

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