Stock in Focus: Robinsons Land (RLC)

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Property firm Robinsons Land Corporation (stock symbol: RLC) exhibited a a very mild bounce since my earlier post, and price has consolidated within a very tight range of 19-21 since then.

This stock could play catch-up with other index stocks if buyers can break through the near-term barrier around 21.

The TRIX Index has maintained its bullish stance since the start of the year, and we may see it punch through the zero level once price makes a considerable advance.

Watch both sides of the potential range: 18 and 25. Price may do a ping pong within.

Philippine Stock Exchange_RLC Daily chart, February 20, 2014

RLC Daily chart, February 20, 2014

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