Company: Cebu Landmasters Inc.
CLI has been mostly trading between P4.90 and P5.20 since Dec-20.
Recent price action suggests CLI is likely to retest to top end of the range and once the stock breaks above P5,20, we think there is further upside ahead.
We recommend buying CLI once the stock breaks above P5.20.
Set cut loss below P5.00. Profit taking levels are at P5.50/P5.75.