Tuesday, November 10, 2009

PHILIPPINE STOCKS: BDO (BANCO DE ORO UNIBANK, INC.) 11-10-2009


The ascending triangle formation on the chart of BDO was still premature during my last post on it since it was just forming. Now, it looked like to have set up a better ascending triangle (indicated by the horizontal and diagonal line) and more likely to breakout soon. The price to break is at 36.5 and once it does with heavy volume, an easy 41 pesos per share will be achieved. Click image to enlarge!

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