Stock in Focus: GT Capital (GTCAP)

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The line in the sand of GT Capital Holdings (stock symbol: GTCAP) at 800 has only experienced a very brief challenge since my March 25 post. This is good news for bulls, who continue to press for a break of the broader 700-900 range.

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Philippine Stock Exchange, GT Capital_GTCAP Daily chart, July 9, 2014

GTCAP Daily chart, July 9, 2014

The bullish momentum will stay intact as long as twin supports at 830 and 800 are fortified. Bulls hold the key to new highs. Will they go for new highs in the next few weeks or months?

The Relative Strength Index is right at the 50 level as price trades in a tight range.

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


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