Digitel has made a huge run up during the last half of December 2007, closing strongly at P1.84 last December 28 coupled with huge volume.
I see that this has formed an inverted head and shoulder pattern which is a bullish signal. The last 2 trading days of 2008 however had DGTL on a downtrend with a low of P1.62 before closing at P1.68. Today's low of P1.62 touched the neckline of the head and shoulder pattern which is now the line of support. My personal target for this is around P2 and if this target is achieved, I see more exciting times ahead for this stock...just look at the bigger picture below...is that heading towards formation of a big cup and handle??? Definitely one stock to watch out for.
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