The stock of holding firm Filinvest Development Corp. (stock symbol: FDC) has made a decent rally since my last post, rising to as high as 5.34 on February 27 (now FDC’s 10-month high).
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FDC turned quite since then, oscillating in a very tight range around the 5.00 psychological level. The Stochastic indicator has been moving in the same way, bobbing up and down in the lower range since mid-March.
Bulls must keep guarding the 5.00. Otherwise, their recent effort could get pulverized.
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