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.
*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!
For those who are interested in technical analysis or learning how to profit using charts, we have an upcoming Technical Analysis Course on June 27 to June 28, 2015. For more information, you may send us a direct message here or text/call (+63) 917 899 90 09.