We are once again calling everyone’s attention to Vista Land 7 Lifescapes, Inc. (VLL). As you can see from its long term chart, the stock’s climb over its uptrend line places it on track to its main resistance and initial technical target of Php7.00 to Php7.50. While some profit taking may obviously be seen to occur at around the Php7.00 area, the willingness of buyers to generally accumulate the stock on increasing prices, as exhibited by the higher low bases that it has built, position it to challenge its all-time high. Note that a potential move past the Php7.00 to Php7.50 zone may lead it later to a newer goal of Php9.00. A move past that may then send it towards its longer term objective of Php13.00. It actually makes sense that the stock will stretch its ascent following a break of its present all-time score. In any case, VLL may very well be a good candidate for the early part of 2015.
*Consensus target price or average target price given by the major foreign and local brokers of various stocks on top of index names are available in our Equity Advisor!
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