Saturday, May 1, 2010

PHILIPPINE STOCKS: RCB (RIZAL COMMERCIAL BANKING) 5-1-2010


Rizal Commercial Banking Corporation or RCB
as listed in the Philippine Stock Exchange broke out from the reverse head and shoulders formation (indicated by the 3 arcs: the middle arc is the head and the arcs beside it are the shoulders) as indicated by the yellow circle. In case I'd enter at the current price, 18.5 would be my stop loss and my target price at 28 pesos per share. Let's see how the Philippine Stock Market goes on Monday.

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