Bullish: BDO

Last Friday, I noticed banking stocks had a serious rally that left me amazed, but one bank stock that caught my eye was Banco De Oro (BDO). I am bullish on the medium-term picture for this stock. There is a possibility that the stock can correct tomorrow and in the next few days, but that might be a buying window for me. Why? Because...


a.) Daily chart shows a break-out from a bullish Bump-and-Run pattern and a bullish Pole & Flag pattern. Plus, it is in a short-term uptrend

b.) Weekly chart shows a bullish Double Bottom pattern and a bullish Pipe Bottom Pattern 

c.) Monthly chart shows a bullish Piercing Pattern

TP: P60-65 in the short to medium-term. However, expect a correction this week or next on the stock.