For much of 2008, this stock had been on a downtrend. Not until recently, it began showing signs of reversal when it broke above its trendline when it closed at P5.10 last Apr. 17. It continued it surge before consolidating in a pennant formation.I believe it did broke out yesterday when it closed at P8.10 and today's closing at P8.30 affirms that it indeed broke out as it was coupled with volume. I'm looking at a target above P10. I see however weak resistance on its way to that target. Just look at those volume...they we're thin.
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