Stock in Focus: Rizal Commercial Banking (RCB)

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Rizal Commercial Banking Corp. (stock symbol: RCB) has finally made a move in the early part of March after dozing off for several months. RCB’s stock managed to top out just above the 50 level before retracing to the upper-40s.

Philippine Stock Exchange, Rizal Commercial Banking_RCB Daily chart, March 28, 2014

RCB Daily chart, March 28, 2014

Current resistance areas for RCB include 50-51, 60, then the 74-75 area. 45 should hold against downside threats.

The Detrended Price Oscillator (DPO) has turned up but remain below the zero level.

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