Wednesday, May 6, 2009

PHILIPPINE STOCKS: EEI (EEI CORPORATION) 5-5-2009


More than two weeks have passed since my last post on EEI and now I'm going to get back to it. EEI has successfully broken out from its reverse head and shoulders formation (3 arcs: The head is the biggest red arc and the shoulders are the arcs beside it) as the stock price passed above its neckline (red horizontal line) last April 20. Are the people who were able to ride its rise profit-take as early as now or will they wait until this stock reaches my minimum target price of 1.7. Click image to enlarge!

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