Stock in Focus: Banco de Oro (BDO)

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Top financial firm Banco de Oro (stock symbol: BDO) demonstrated a very weak bounce after the recent 9-day decline which managed to break through the 70 level.

The Commodity Channel Index (CCI) has resurfaced above the -100 level but remains weak as long as it stays below the zero level.

The 2013 low at 68.20 is hanging on so far. Buyers should prevent price from moving any closer to it. A push above 75-80 would negate the current bearish momentum; the problem is, the bearish momentum remains considerable.

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BDO Daily December 18

BDO Daily December 18

 

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