Stock in Focus: Aboitiz Power (AP)

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The 35.00 psychological level in Aboitiz Power Corp. (stock symbol: AP) continues to give buyers a headache – and this issue has been going on since June.

The Commodity Channel Index (CCI) is back above the 100 level and ready to move higher with price.

The all-time high of 40.50 set last March awaits buyers if a strong break of and push starting from 35.00 happens.

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AP Daily chart, January 7

AP Daily chart, January 7

 

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