Friday, August 14, 2009

PHILIPPINE STOCKS: APC (APC GROUP, INC.) 8-14-2009


A head and shoulders formation (3 arcs: The head is the biggest red arc and the shoulders are the arcs beside it), being formed by APC, is soon to breakout. In fact, it tried to breakout today (indicated by the blue circle) with heavy volume but failed since the price didn't end up above the resistance line (red horizontal line) of the said formation. But once it does, my minimum target price is set at 0.63. Click image to enlarge!

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