Stock in Focus: Petron Corp. (PCOR)

FacebookPinterestPrintEmailShare this!

The tug of war between the bulls and bears of Petron Corporation (stock symbol: PCOR) remains in force around the 14 psychological level. This tug of war has been going on since last month, following a brief run-up from the 13 level.

The Money Flow Index (MFI) is now well above the 50 level, and it could go higher if price breaks northward.

Near-term resistances are located at 14.50 and 15.

(Click here to view the original image)

PCOR Daily chart, January 6,2014

PCOR Daily chart, January 6,2014

 

Submit a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

X

Forgot Password?

Join Us