Stock in Focus: Travellers Int’l Hotel Group (RWM)

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Travellers International Hotel Group (stock symbol: RWM) has been showing some promising price action this September.

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Philippine Stock Exchange, travellers International Group_RWM Daily chart, September 4, 2014

RWM Daily chart, September 4, 2014

The recent break of a downside trendline has been upheld so far. With this, buyers can now focus on taking out resistance up until the 10 level. We’ll update this stock once we are close to that level. Near-term support is 7.00-7.50.

The Money Flow Index (MFI) is gearing up for a possible move to the upside.

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

 

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