Stock in Focus: Petron Corp. (PCOR)

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Time has stood still.

That is precisely what we are seeing in Petron Corporation (stock symbol: PCOR) as the tug of war between the bulls and bears persists around the 14 psychological level.

The Stochastic is positive and well above the 50 midline but it could turn around if price eases further next week.

Multiple bands of potential resistance are close by – 14.50 to 17.

13 is the line in the sand, but I would prefer to see price break northward soon.

Philippine Stock Exchange_PCOR Daily chart, February 14, 2014

PCOR Daily chart, February 14, 2014

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