Company: Robinsons Land Corp.
Support: 15.00 / 14.00
Resistance: 16.00 / 17.10
In mid-Oct, RLC began to expire in its region of restructuring, but after hitting a 3 months peak of P17.1 the stock was sold at a high volume.
Although RLC hasn’t stayed higher than P16.0, nevertheless, we think there are bargain hunters who may buy RLC at potential levels of support.
We suggest buying on pullbacks until P15.00. Set cut loss below P14.00. Profit- taking level for short-term traders is at around P20.00.