GMAScenario 1 : Quick scalp to Upsde of 27% from current price to close the gap.
Scenario 2 : May not close the gap at all due to bad 2023 dividend.
I have been holding this stock since 2014.
I believe this may have reached a short-term peak. 2023 Dividends will probably miss public estimates. Once gap closes further drop will continue.
If posted dividend and financials are higher than what I expect this analysis is invalid.
GMA7 trade ideas
GMA7 for my pinoy friends. The chart looks nice.
PSE:GMA7 Look for industry news. And make your safe entries.
DISCLAIMER:
This is just my analysis. Before entering a position, you should be in conviction with multiple factors which include macro and microeconomic parameters to ensure that you are ready to face the intended risk to reward ratio.