VLL recently broke out from a Downward Price Channel consolidation, considered a bullish pattern on breakout. The projected target price of this breakout is around 5.40~5.50.
*Immediate resistance around 5.34.
Technical Analysis of stocks listed in the Philippine Stock Exchange
Villar companies are pump and dump. Remember what the Villars did to CMP. Small shareholders lost their investments while the Villars ended up with the best real estate assets of the company they bought at such cheap price.
ReplyDeleteGood flag action. However, sell long position if it closes below 100/99 level.
ReplyDelete