Last March 22, we noted in out Equity Advisor that Vista Land & Lifescapes, Inc. (VLL) may stage a rally when it fell from just above Php5.50 down to its former resistance at Php5.20. We mentioned that a rally from Php5.20 could send it back near its high at Php5.50. Well surely enough, VLL indeed bounced off of that support and then rallied in the next several days of trading before eventually hitting our target of Php5.50. 🙂
VLL write-up from the Trading Edge Equity Advisor:
March 22, 2013
Vista Land & Lifescapes, Inc. (VLL) may stage a rally in the near after it saw its shares fall from Php5.50 to around Php5.20. As you can see from its chart, VLL is now hovering above the Php5.20 level which was actually a resistance in the past. VLL may bounce off of this level as it sees some support at this previous resistance. A rally from Php5.20 may hurl it back towards Php5.50. However, a break of this support may send VLL down to Php5.10 or even to Php5.00.
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