Tuesday, October 27, 2009

PHILIPPINE STOCKS: UBP (UNIONBANK OF THE PHILIPPINES) 10-27-2009


Nearly 5 months have passed since my last post about UBP, it was still prematurely forming the cup and handle formation (indicated by the red lines) in the stock chart. However, as we can see now, it broke out from a cup and handle formation last August and achieved its target price of 32 pesos per share 2 weeks ago. Click image to enlarge!

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