Saturday, August 1, 2009

PHILIPPINE STOCKS: FGEN (FIRST GEN CORPORATION) 8-2-2009


Two bullish area patterns are seen in First Gen Corporation, a cup and handle formation (indicated by the bigger red arc is the cup and and the smaller red arc indicates the handle) and a symmetrical triangle formation (indicated by the two vertical lines in the 2nd picture). If good news back up the global markets, prices can climb anytime. Click image to enlarge!

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