Stock in Focus: Vista Land & Lifescapes (VLL)

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What’s next for Villar-led property firm Vista Land & Lifescapes (stock symbol: VLL) after it has left the 6.00 resistance in the dust back in April?

Philippine Stock Exchange, Vista Land & Lifescapes_VLL Daily chart, June 6, 2014

VLL Daily chart, June 6, 2014

A break of the 7.00 level (7.10 to be specific), of course! The May 2013 peak (and mini-double top) at 7.10 is definitely the next challenge for VLL.

Should price move in favor of the bears, strong support is expected to come in around 5.00 — if 6.00 breaks.

The Detrended Price Oscillator (DPO) has crossed above the zero level recently, in line with the advance in price.

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

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