DMC SET UP!
DMC is forming a bullish ascending triangle and MACD already gave the buy signal.
If the price breaks 40, expect the RSI to follow and break RSI50.
Of course, we need a huge volume to support the breakout.
Speculation alert! Caveat!
Some FA in DMC:
FM’s Forecasted Income: 10B
DMCI’s Net Contributions broken down in 5 Core businesses:
Target price of Fmetro: 48.50
LPZ on simple moving average(SMA)
– above all 3 SMAs used by Firstmetro (SMA20-50-100)
– above SMA32-65 but below SMA130, this is used by COL.