RCBC Aiming For At Least Php60.00
Rizal Commercial Banking Corporation (RCB) has popped out of the investors’ radar screen following its magnificent run last Friday. Although it was not able to hold on to its highs, the stock was still able to breakout on significant volume from either an inverted head and shoulders or a cup and handle. If RCB can stay above Php50.00 then it may be able to aim for at least Php60.00. On the other hand, a close below php50.00 may negate the break and send it to at least Php46.50.
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