Stock in Focus: Del Monte Pacific (DMPL)

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A very slow but steady downtrend has manifested in the stock of Del Monte Pacific Limited (stock symbol: DMPL) since October 2013.

We may have seen a short-term bottom around the 11.00 area.

The zone of resistance is found at 15.00 to 17.00.

I see nothing special in DMPL’s price action so far, so be careful if you want to add this to your portfolio.

Philippine Stock Exchange, Del Monte Pacific Limited_DMPL Daily chart, April 17, 2015

DMPL Daily chart, April 17, 2015 c/o Philstocks

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