A. Brown, Inc. - This week's review of my BRN chart shows that this issue is poised to go down. It had been consolidating in a bullish ascending triangle pattern. However, last February 6, it broke its support line when it closed at P3.80. It tried to recover the next day but couldn't go past P3.80 which I believe is now the resistance. Looks like this issue has weaken at the moment. Target price is around P2.70.Saturday, February 9, 2008
Brownout!
A. Brown, Inc. - This week's review of my BRN chart shows that this issue is poised to go down. It had been consolidating in a bullish ascending triangle pattern. However, last February 6, it broke its support line when it closed at P3.80. It tried to recover the next day but couldn't go past P3.80 which I believe is now the resistance. Looks like this issue has weaken at the moment. Target price is around P2.70.
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