What happened to LIHC last week was a false breakout. After peaking at P10.50 last week, it decided to consolidate further within a symmetrical triangle. I thought we reached the apex of that formation last week? Well, here we are again as it approaches the apex of yet another triangle formation. Buy if it breaks above P10 with volume. Cut loss if this dips below P9.30 which is its current support. 50 day MA has just cross the 100 day MA. Bullish?Monday, July 21, 2008
It Wasn't Hot After All
What happened to LIHC last week was a false breakout. After peaking at P10.50 last week, it decided to consolidate further within a symmetrical triangle. I thought we reached the apex of that formation last week? Well, here we are again as it approaches the apex of yet another triangle formation. Buy if it breaks above P10 with volume. Cut loss if this dips below P9.30 which is its current support. 50 day MA has just cross the 100 day MA. Bullish?
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noel, is this you? just chanced upon this blog. i've been trying to contact you. wala k n pala sa people support. wer k n ngayon? kita naman tayo. u can reach me at 583-0406, 0920-9286328, 466-2042 - tan sayson
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