Tuesday, October 7, 2008

PHILIPPINE STOCKS: GLO (GLOBE TELECOM, INC.) 10-7-2008


The price of GLO is currently standing on its 6 year support (violet line). Is the price going to break the support and go down or is it going to bounce from the support and eventually go up? That we don't know, it really depends on how the foreign markets and the US economy will fare since the Philippine market just reacts to it. Click image to enlarge! 

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