Property firm Robinsons Land Corporation (stock symbol: RLC) ended 2013 very close to its lows, after price met November and December sellers which brought the stock down by over 5 pesos.
The MACD Oscillator (MACD-O) displayed a bullish divergence (green diagonal lines) during the terminal phase of this decline and price soon followed up with a minor break of the downsloping trendline (gray diagonal line).
TP’s Advice: Be careful of this stock. The 18-19 area is a major pivot zone, hence we could see some good action here (break or bounce) in the next few weeks.
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