Vulcan Getting Ready To Erupt Again?
The shares of Vulcan Industrial & Mining (VUL) from Php0.93 all the way to a high of Php2.20 in just a matter of days following rumors that National Bookstore will do a backdoor listing via VUL. As the rumors hushed down, its share prices have started to pullback as well. From the said high, VUL went down and even marked a low of Php1.40. Though it appears that it may regain its foothold again as it looks to have been consolidating within a cup and handle pattern since December 2012. If VUL manages to move past Php1.64 and close above it then it may head higher to around Php1.90.
Buy on breakout – Php1.68
Target at Php1.88
Cutloss at Php1.55
