Stock in Focus: Vista Land & Lifescapes (VLL)

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Villar-led property firm Vista Land & Lifescapes (stock symbol: VLL) appears to be setting up a base just above the 5.00 psychological level after creating a higher swing low back in mid-December.

The Relative Strength Index (RSI) has eased off but remain just above the 50 level.

We could see some smooth sailing price action above the 6.00 psychological level. The 4.00-4.50 area should support, assuming the major line in the sand at 5.00 breaks again.

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VLL Daily chart, January 13, 2014

VLL Daily chart, January 13, 2014

 

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