Stock Picks: Max’s Group, Inc. – $MAXS

Stock: $Maxs
Max’s Group, Inc. – MAXS
Max’s Restaurant’s beginnings started in 1945, after World War II. Maximo Gimenez, a Stanford – educated teacher, befriended the American occupation troops stationed at Quezon City. Because of this friendship, the soldiers regularly visited Maximo’s nearby home for a drink or two. Later on, the troops insisted that they pay for their drinks. This prompted Maximo to open a cafe, where the troops could enjoy food and drinks.

The cafe initially served chicken, steak and drinks. Maximo’s niece,Ruby, who managed the kitchen, created a special recipe for chicken that became an instant favorite for the GIs. Soon, the Filipino public heard about the delicious chicken-tender, juicy and crispy-and they came too! Max’s Restaurant was born.

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Dividend this year:

Possible Growth:

Technical Analysis:


Support:

₽24.42 support 1

₽20.88 support 2

Resistance:

₽28.89 resistance 1

₽33.11 resistance 2

Strategy: 

Buy between ₽25.50 – ₽26.80

Cut loss if it goes down ₽25.00.

Take profit at ₽29.00 or wait till it goes to ₽32.00 – ₽33.00.

If it breaks ₽33.00 you can average up.