Universal Robina Corporation (URC) may finally swing higher following an escape from an ascending triangle formation today. As you can see from its chart, the stock has successfully closed above its resistance at Php120.00. If it can continue to stay above the said level then it may be able to rise further towards its next stop at around Php128.00. A fall below Php120.00, though, may bring it down to its recent low of Php111.30.
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