Bottom-fishing Netted 23% On Vista Land (VLL)
In our Equity Advisor issue last January 27, 2016, we noted that Vista Land & Lifescapes, Inc. (VLL) have already found the bottom of its slide and that it would soon start to make a recovery and aim for Php3.88 to Php5.00. Since that time, the stock has indeed recovered and is now up 23%. Moving forward, the stock may, however, hit a wall at its resistance area of Php4.88 to Php5.00. As such, the stock may once again pull back perhaps to around Php4.40 to Php4.50.
VLL write-up from the Trading Edge Equity Advisor:
January 27, 2016
Vista Land & Lifescapes, Inc. (VLL) is now primed for a major rebound. As you can see from its chart, the stock appears to have found a support at its prior resistance at Php3.54. This particular mark looks to be durable enough to lead a rally due to the fact that aside from it being a prior resistance, a 61.8% Fibonacci retracement level can also be found here. In any case, VLL may likely pivot higher and head towards its nearest resistance at Php4.88 to Php5.00.
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