Last April 22, we noted in our Equity Advisor that Vista Land & Lifescapes, Inc. (VLL) that we may see a surge in its prices given the fact that it broke out from a bullish flag pattern on that day. It actually stalled a bit 3 days after the breakout but as you can see it soon jetted higher towards our initial target of Php6.90. It did so in less than 2 weeks after our call! J By the way, given the heavy interest on the stock as deduced from the length of the recent green candles, it is likely that VLL may continue moving higher. 🙂
VLL write-up from the Trading Edge Equity Advisor:
April 22, 2013
In our Equity Advisor that we sent yesterday, we noted that Vista Land & Lifescapes, Inc. (VLL) may be bound for another sharp move higher as it appears to be forming a bullish flag pattern. Today, it broke out and closed above the flag’s resistance at Php6.20. If VLL can keep its head above Php6.20 then it may quickly aim for its target at around Php6.90. On the flip side, a fall below Php6.20 may send back to at least Php6.00.
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