Thursday, September 4, 2008

PHILIPPINE STOCKS: DMC (DMCI HOLDINGS, INC.) 9-4-2008


The downtrend of DMC for the past months has possibly come to an end since it's now starting to move sideways out of the resistance line (green line) in the picture. On the other hand, buying DMC at its current price is also a good strategy because the 4 year support as indicated by the violet line has so far been respected. Once you get into this stock, it's either you hold until it bounces up or cut when it goes below the support (violet line).

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