Stock in Focus: Banco de Oro (BDO)

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Top financial firm Banco de Oro (stock symbol: BDO) has performed well since my first post, climbing to the 80s before taking a well-deserved break.

The 80 psychological level is attracting both buyers and sellers, but the latter have a very slight upper hand. Bulls would need to keep the pressure on and push this stock through 85.

The Moving Average Convergence Divergence (MACD) continues to enjoy its bullish formation, although its MACD histogram has already been on a state of steady decline.

TP’s Advice: Kill the itch and avoid buying at higher prices. It will serve you better if you buy lower, assuming you like this stock. Monitor this stock around 68-75.

BDO Daily chart, January 30, 2014

BDO Daily chart, January 30, 2014

 

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