Manila Water. This stock had been on an uptrend for much of 2007 before moving sideways at the start of 2008. It has been consolidating in a triangle and appears to have broken from that formation today when it closed at its high of P18.25. However, volume is still suspect but MACD now oscillating above the zero line. Almost all stocks in the PSE have fallen. Looks like this water is resilient. Water proof?Tuesday, June 24, 2008
Let's See MWC
Manila Water. This stock had been on an uptrend for much of 2007 before moving sideways at the start of 2008. It has been consolidating in a triangle and appears to have broken from that formation today when it closed at its high of P18.25. However, volume is still suspect but MACD now oscillating above the zero line. Almost all stocks in the PSE have fallen. Looks like this water is resilient. Water proof?
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