OPINION ISSUED ON: 12 Feb 2014
SUPPORT 40.50 / 38.50
RESISTANCE 44.00
ANALYSIS AND RECOMMENDATION
PGOLD broke a previous high, as it continues to recover from its lows last December. The stock is moving on a steady uptrend and is heading towards its previous highs.
ACTION: Buy/Continue holding PGOLD as long as the trend line support holds.Resistance is at PHP 44.00 while support levels are at PHP 40.50 and PHP 38.00.
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