Sta. Lucia Land, Inc. engages in real estate development in the Philippines. The company’s property portfolio includes residential estates, condominiums, golf and country clubs, resorts and leisures, and commercial and retail properties, as well as a shopping mall, SLEGM, located in Cainta, Rizal. It was formerly known as Zipporah Realty Holdings, Inc. and changed its name to Sta. Lucia Land, Inc. in July 2007. The company is based in Cainta Rizal, the Philippines. Sta. Lucia Land, Inc. is a subsidiary of Sta. Lucia Realty and Development, Inc.
SLI share was last traded at P2.03 or 10.93% increased from it's previous price.
SLI chart:
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Source: www.facebook.com/marketmirror There is a failed Head and Shoulders Pattern and because of the price action today the bearish sentiment turn into bullish. The initial target price is P2.50. |
I think if you just look at closing prices, you can note that the rise is still just within the neck line of the H&S, making the chart still a valid H&S pattern.
ReplyDeleteNot sure though, just basing it on what I've read recently.