The Mokong bought some FLI after the price broke the Ascending Triangle forming since the peak in March this year. An ascending triangle is usually a consolidation period during a bullish trend and that the breaking of which, signifies the resumption of the uptrend. Of course, no chart pattern is 100% accurate. As a guide, shown below are target prices of various brokers: the average is at Php2.28/share.
BROKER
|
Target Price
|
ATR
|
2.20
|
ABCAP
|
2.50
|
RCBC
|
2.40
|
COL
|
2.00
|
Average
|
2.28
|
 |
| CLICK IMAGE TO ENLARGE |
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