Stock in Focus: Lopez Holdings (LPZ)

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Lopez Holdings (stock symbol: LPZ) has gone higher since my March post, but the move was short-lived.  LPZ has been trading sideways around 4.60 since early April.

Philippine Stock Exchange, Lopez Holdings_LPZ Daily chart, May 26, 2014

LPZ Daily chart, May 26, 2014

The Trix made a bullish cross recently, but it is still below the zero level. Will it move higher along with price?

Bulls must remain alert at support areas around 4.00 and 4.50. They must keep the pressure high and try to punch through the resistance area between 5.00 and 6.00. Bulls must recognize that they are still inside a bear forest.

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

 

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