Stock in Focus: Aboitiz Equity Ventures (AEV)

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Aboitiz Equity Ventures (stock symbol: AEV) has exhibited HSLs (higher swing lows) since the start of October, hence we expect price to advance further. Right now, the stock is in a box (consolidation) and we must see a strong upward push to confirm the bullish momentum.

The MACD indicator is also poised to cross northward.

Near-term upside target is 57-58.

(Click here to see the original image)

AEV Daily, December 18

AEV Daily Chart, December 18

 

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