The holders of DMCI Holdings (stock symbol: DMC) continue to enjoy full control as this stock enters fresh territories.
Don’t be left behind. Trade and Invest Smarter. Manage your Risk and Make a Difference with a RISK-free Premium Subscription — Subscribe now!
I warned about false breaks back in February, and we did see a couple of those in the subsequent months.
I also encouraged interested buyers back then to wait for lower prices. Sadly, DMC was strong enough that it only managed to reach the 67s during its multi-week dips.
The TRIX Index has followed price as it moved to higher ground.
Now, the sky is the limit, hence we have an initial open target of 90-100. Keep an eye on the line in the sand at the 70 level.
Do you have DMC in your portfolio? Share your thoughts below! Don’t forget to LIKE us on Facebook! More than 2,000 fans already have!