News / Philippine Stock Market
One of the less popular property issues, RLC is showing a bullish pattern. We can take this opportunity to make a quick buck.
After trending downwards since Oct. 2007, RLC has consolidated since July. Most of that time up to the present has been spent testing the 7.90 level. Should the price break out of the ascending triangle that it has created, we can expect our target to be 9.60.
Although the price is still below two moving averages, the MACD has shown that it has already consolidated for some time around the zero line and it seems poised to make a move soon.
RLC may be something worth considering. 
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