Technical indicators show that LPZ may have bottomed out and may move sideways with an upward bias. Its subsidiaries ABS and ABSP have recently performed well and hopefully, market attention would overflow to LPZ.
Technical Indicators
* Candle bounced at both Horizontal Support and 100 Moving Average Line
* RSI holding current levels
* Stochastic at oversold levels
* Immediate Resistance at Php7.5/share
Catalysts
* Earnings Sentiment on its subsidiaries, ABS and ABSP, due to Elections
* GLO might infuse capital or would buyout LPZ to acquire Bayantel
 |
| CLICK IMAGE TO ENLARGE |
No comments:
Post a Comment