BDO are you for long?

Looking good so far for BDO which went up by 7% today. The weekly chart is currently developing a Hammer pattern while our daily chart showed a strong Marubozu candlestick.The next challenge for BDO is the 75 level or around 61.8% Fibonacci Retracement level. Still not bullish in the long term so just be careful. Still has a big room to fill above but 20-day SMA may soon challenge the price when they meet.

Caveat!

One Response to BDO are you for long?

  1. Jediah De Castro says:

    forced close BDO and BPI.

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