BDO was the 2nd most defensive/lowest decline banking stock in PSEi.
We determined last June that 66-70 was a buy for the reason of its 4.5 uptrend line support. BDO's chart is easy to read and I can conclude that BDO is still in a Bull market.
Short term support: 72.50(1month low)
Medium/Long term support: 68-70 (4.5yr uptrend should hold into these levels and not the 66.0 52week low we saw last Aug2013.
Play/Plan: Accumulate near 68-70 and a quick short bounce to 76 level (highly probable). Next resistance area is around 81-83 and a strong resistance and could be a selling point. A break below 66-70 could trigger end of bull.
RSI: 36
P/E ratio: 12x (bloomberg, average)
38.2% retracement of bull market: 70.0
50% retracement of bull market: 60.0
2013 high: 99.0
current retracement: 27% from the top
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