Stock in Focus: LT Group (LTG)

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A bounce did materialize in LT Group (stock symbol: LTG) soon after my previous post, confirming the hidden bullish divergence mentioned that time.

20 remains as the topside resistance and buyers should try to break this barrier soon. If this breaks, it could unlock a potential move toward 24-28. On the downside, sellers are trying to punch through the initial key support at 17.

The Commodity Channel Index (CCI) has just breached the 100 level and is ready for its third attempt at 20.

Philippine Stock Exchange, LT Group_LTG Daily chart, April 16, 2014

LTG Daily chart, April 16, 2014

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