Tuesday, September 2, 2008

PHILIPPINE STOCKS: AJO (AJO.NET HOLDINGS, INC.) 9-1-2008


What is seen in the charts of AJO is a breakout from a reverse head and shoulders formation at 0.0675. This is signaled by the break of the neckline of the area pattern and the sudden surge in volume. Basing it on technical analysis, the minimum target price for this Philippine stock is around 0.095. Click image to enlarge!

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