GMA Network (GMA7) Analysis- Do Peso-Cost Averaging or Ignore the Dips?

GMA Network (GMA7) Analysis: Do Peso-Cost Averaging or Ignore the Dips?

Traders pushed GMA Network, Inc. (GMA7) to a price above 6 pesos per share when ABS-CBN (ABS) failed to get a franchise renewal. However, GMA7 failed to sustain its ascent above its recent intraday high of ₱6.53. Read our technical analysis of GMA7 to know if it’s more logical to do peso-cost averaging or it’s a complete waste of buying power to buy the dips of this media company.