Unfortunately for 8990 Holdings, Inc. (HOUSE), its supposed support at the previous resistance of a consolidation pattern failed to hold. This recent breakdown may lead HOUSE to its next floor at Php6.50. A fall below that may then send it to Php6.00. Note, though, that a jump over Php7.50 in the next couple of days would propel it to Php8.50. But so far this last scenario appears less likely given the heavy offers on the stock as of last Friday’s closing.
*Consensus target price or average target price given by the major foreign and local brokers of various stocks are available in our Equity Advisor!
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