Vista Land & Lifescapes, Inc. (VLL) may likely resume its upward trek in the very near term. As you can see, the stock appears to have marginally escaped a coiling pattern that resembles a symmetrical triangle. This ‘break’ may now boost its momentum upwards and send it to a target of Php6.90 to Php7.00. A key support to watch out for would now be at Php6.10. The stock may now be deemed in transit towards the said objective as long as it stays above its mentioned new floor. Note that a fall below Php6.00 would be unpleasant as such would likely send it down to Php5.50.
*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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