Tuesday, May 4, 2010

PHILIPPINE STOCKS: ORE (ORIENTAL PENINSULA RESOURCES GROUP, INC) 5-4-2010


Oriental Peninsula Resources or ORE as listed in the Philippine Stock Exchange has broken out (indicated by the red circle) from a major resistance line (green dotted line) as it closed today at 2.1 pesos per share. It had taken out its psychological resistance at 2 pesos and we may possibly be seeing the price heading towards the 2.38 resistance (blue dotted line) this week. Entering at the current price, below 2 pesos would be my stop loss

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