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)