Stock in Focus: Holcim Phils. (HLCM)

FacebookPinterestPrintEmailShare this!

The bearish play for Holcim Philippines (stock symbol: HLCM) have indeed materialized soon after I shared my last post.

However, it did not last very long as buyers intervened around the 12.80 lows and this brought HLCM’s price back into the 14s.

Philippine Stock Exchange, Holcim Phils_HLCM Daily chart, May 16, 2014

HLCM Daily chart, May 16, 2014

The Moving Average Convergence Divergence (MACD) histogram and signal lines are threatening to cross lower as price hesitates to move through 15. There is also a gap right around 13.50.

With HLCM currently on a tight leash below the 15 level, buyers should attempt for a break of the 15-16 area in the next few weeks or months.

Do you have HLCM in your portfolio? Share your thoughts below!

Submit a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>


Forgot Password?

Join Us