Tuesday, September 2, 2008

PHILIPPINE STOCKS: APC (APC GROUP, INC.) 9-2-2008


After
APC has been going down for months now, it decided to move sideways. What is possibly seen in the chart is a reverse head and shoulders formation if this could be confirmed by the breakout from the neckline at 0.43 along with a huge increase in volume. Basing it on technical analysis, when this breaks out, the the minimum target price for this stock is 0.61. Click image to enlarge!

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