Aboitiz Power. This stock has been moving sideways in a triangle formation since its market debut. A look at its chart from March 2008 onwards shows that it's been forming a bullish ascending triangle formation with P5.20 as its resistance. Today's price action saw this stock hitting an intraday high of P5.30 before settling at P5.20. Trading volume has likewise increased over the last 2 months. Can the resistance be broken? Let's watch out. Attack upon breakout!Thursday, May 22, 2008
What's AP?
Aboitiz Power. This stock has been moving sideways in a triangle formation since its market debut. A look at its chart from March 2008 onwards shows that it's been forming a bullish ascending triangle formation with P5.20 as its resistance. Today's price action saw this stock hitting an intraday high of P5.30 before settling at P5.20. Trading volume has likewise increased over the last 2 months. Can the resistance be broken? Let's watch out. Attack upon breakout!
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