Friday, October 30, 2009

PHILIPPINE STOCKS: SMC (SAN MIGUEL CORPORATION) 10-30-2009


An end in the uptrend of San Miguel Corporation stock chart occurred after the price went below the support line (purple dotted diagonal line) in the 1-year time frame last month. Prices didn't go down but chances are higher that it could. I don't see much activity with San Miguel stocks so I'll just wait for the price to consolidate and create another trend or pattern before buying. Click image to enlarge!

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