EEI

EEI Corporation

Last Price: 0.83

Support: 0.80 to 0.82
Resistance: 1.00 / 1.26 / 1.70

Chart Analysis: Breakdown sharply from 1.00 support with low volume but managed to hold near the 0.80 support with bigger buying volume today. Volume is key. Observe price action in the coming days and weeks before buying.

Fundamentals: Consolidated net income from January to September this year jumps 76% which amounted to P363 million from P207 million in the same period in 2007. Trading at an Interim P/E of 2.37 (Price: 0.83 / Interim EPS: 0.35). Investors might come in at these low prices because of a high potential return given that inflation is easing.

Trading Strategy: Accumulate
Investing Strategy: Accumulate