Prime Orion (POPI): Primed To Go For Php1.50
POPI write-up from the Trading Edge Equity Advisor:
April 21, 2015
A third-liner in Prime Orion Philippines, Inc. (POPI) may get the market’s attention in the coming weeks. This is so because the stock appears to have just broken out from a very long term (a decade-long) basing pattern. Given its break above its resistance at Php0.80, which by the way it did so with a heavy turnover of around Php40 million, the stock may move higher in a rather fast pace and aim for Php1.50 as its minimum target. It may even race towards Php1.80 or Php2.00 after that. Meanwhile, a new support should now be found at Php0.80.
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