IDC on a potential breakout

Italpinas Development Corporation

IDC is on a potential breakout from a bullish Downward Price Channel.

*Initial projected target from this breakout is around 4.18.
*Next target on sustained breakout will be around 4.40 ~ 4.70 area.
*Immediate support area around the 78.6% retracement.

Trading Plan
- Buy near the breakout area.
- Set stop-loss on breakdown from the price channel's support line.


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