Retested the support line of the 3-year P/E range channel while the trailing EPS remains flat. A resumption of earnings growth will make the PE multiple cheap. Their 2015 first half earnings shows promising result so far.
#RFM: First Six Month Income Up 11% to P472 Million
The price is now near the support at 4, a potential low risk entry level.
Trading Plan
- Test buy near support (around 4).
- Immediate resistance and potential short term target around 4.73~4.8.
- Immediate support area around 3.89~4.02.
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