Thursday, July 16, 2009

PHILIPPINE STOCKS: FLI (FILINVEST LAND, INC.) 7-16-2009


Filinvest Land Incorporated (FLI), listed in the Philippine Stock Exchange, is showing signs of a good buy as it tries to mold a reverse head and shoulders formation (3 arcs: The head is the biggest red arc and the shoulders are the arcs beside it) and eventually breakout. Once the price surges above the neckline (red horizontal line), a minimum target price of 1.26 would easily be achieved. Click image to enlarge!

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