Stock in Focus: PAL Holdings Inc. (PAL)

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The stock of PAL Holdings Inc. (stock symbol: PAL) has been hovering on both sides of 5.50 since October 2012, and consolidating between 5.00 and 6.00 since mid-January.

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Philippine Stock Exchange, PAL Holdings_PAL Daily chart, August 27, 2014

PAL Daily chart, August 27, 2014

Price may continue to consolidate within the 5.00-6.60 range (6.60 is the December 19 high). Outside this area, the next borders are at 4.00 and 8.00.

The Detrended Price Oscillator (DPO) has been above the zero level for several days now. Having said that, it has been moving up and down across the zero level since mid-July, highlighting the lack of direction in PAL even further.

TP’s Advice: Avoid this stock. Find other better stocks.

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

 

 

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