Saturday, March 17, 2007

PSE:WEB - PhilWeb

Time to look for great deals and possible breakouts again. Then i came across WEB.

It seems to be that after the FEB 28 global stock market fallout that it has started to form a very sexy symmetrical triangle.

Breakout is at 0.05 with a target price of 0.071. Though MACD doesn't really agree that much, decreasing volume and RSI does confirm the pattern.

Fellow Technical Analysts. Comments are very welcome.


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