Sunday, January 29, 2017

Banking on the Banks? January 27, 2017

BDO  P114.50  COL fair value (Jan 3, 2017) - P118

BPI  P92.30 COL fair value (Jan 3, 2017) - P96

MBT  P79.25  COL fair value (Jan 3, 2017) - P103


- These 3 banks are showing good setups for a potential breakout.
- BDO, breakout of the box and new highs is just within realization.
- BPI, MA100 may provide some resistance.
- MBT, take out the next 3 fibo levels and P100 should be easy to conquer.
- Note that based on the Fair Value evaluation, MBT may seem to have a better risk/reward return.





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