CLC rebounds after the Dennis Uy purchase
Last Friday, a disclosure came out that Dennis Uy spent 1-billion USD to takeover a 177-hectare logistics hub in Clark City. Prior to this CLC was dropping and just broke the 9.5 support level. With this new development how does this affect CLC and its stock price? Will the stock rise sharply or will it just hover and stay above 9.5 and going nowhere? Sharing this video I made in flight as I could not sleep during my flight back to Manila. Please do pardon the engine nose as this video was uploaded raw without any edits.
I really hope this video helps you as you move forward to be the best that you can be as a stock trader and investor. I really believe that this is your greatest day yet and your best days have yet to come!
Catch me in my live training events! (quick plug)
The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.
Stock Smarts Malaysia — November 4 – November 5, 2017
Stock Smarts Sydney, Australia — November 11 – November 12, 2017
Stock Smarts Qatar — November 16 – November 19, 2017
Stock Smarts Singapore — November 25 – November 26, 2017
Stock Smarts Manila — December 2, 3, 9, 10 & 16 , 2017
Stock Smarts Taiwan — December 21 – December 22, 2017
Stock Smarts Cagayan De Oro — January 13 – January 14, 2018
Stock Smarts London, United Kingdom — January 26 – 28, 2018
The stock went back to the 9.5 level and broke out from that key resistance area. In one good move the stock not only went back to the previous support but it also broke the 2 month downtrend that it was facing. With that, the breakout from 9.5 will bring the stock up to our first target price of 10.75. If the stock breakouts out of 10.75, the next move up will bring the stock to 11.25 over the short term.
All of this will happen as long as the support from 9.5 will hold and the stock gets significant volume to push the stock higher. For those who attended our technical analysis seminars, please remember our lesson on volume and that it is significantly needed to make any stock movement valid.
