Of all the banks, almost all have already rallied 10% or more from their 2013-2014 lows.
One bank I saw which have not yet increased by 10% is SECB.
It was due to 36% lower income for Q4 2013. But for me, all banks really did have an awful Q4 due to lower trading gains.
Long Term uptrend is still intact in DARK BLUE and short term uptrend intact as well,both pointing to 110-111 a good support, a break below is a different scenario.
Talking aside in case it held and goes to upside, a triangle formation is in a good chance to trigger a rally in the coming weeks/months to come.
A breakout to 116resistance of the triangle pattern will have a target of 126-128 then 130-133 upside(15-20% upside)
Talking about fundamentals:
Bloomberg - 12x PE
COL - 14x forecasted/computed PE
PSE - 7x PE (I believe Q4 income not yet computed here)
There is a good chance that SECB and other banks could outperform in the coming months, as PSEi increased by 10% this Q1.
