Stock in Focus: Alsons Consolidated Resources (ACR)

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Alsons Consolidated Resources (stock symbol: ACR) has gotten the hang of staying close to the 2.00 level after making brief forays above 2.20 since the early part of June.

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Philippine Stock Exchange, Alsons Consolidated Resources_ACR Daily chart, July 21, 2014

ACR Daily chart, July 21, 2014

It would be very interesting to see whether the 2.00 level will continue to hold as support in the coming weeks. A breach of this level would expose 1.50-1.80 immediately.

The Detrended Price Oscillator (DPO) has stayed just above the zero level thanks to the recent upward moves in price.

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