Oct 27, 2017
Philweb Corporation (WEB) - Analysis - October 26, 2017
Get this analysis for Philweb Corporation (PSE:WEB) so you can calculate your entry and exit points and reward-to-risk ratio.
Philweb Corporation (WEB) booked a net loss of P141.81 million. This translates to a negative EPS; thus, P/E cannot be computed. The stock is also trading at 82x P/BV, overvalued versus the normal value of 1.00.
WEB is clearly bearish as it makes lower highs and lower lows for the past 5 months. All moving averages are pointing downwards with the 15 EMA and 20 SMA possibly acting as resistance.…
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