Stock in Focus: Filinvest Dev’t Corp. (FDC)

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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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Philippine Stock Exchange, Filinvest Development Corporation_FDC Daily chart, May 2, 2014

FDC Daily chart, May 2, 2014

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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