Sunday, June 7, 2009

PHILIPPINE STOCKS: GLO (GLOBE TELECOM, INC.) 6-8-2009


From my previous post about Globe Telecom of the Philippine Stock Exchange last month, it has just broken out of the ascending triangle formation. Now, it's about to hit my target price of 980. If the stocks of Globe were bought at 900 pesos per share back in May 15, around 7% profit is made as it closes today at 960. 7% in less than a month isn't bad at all. Click image to enlarge!

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