Alliance Select Foods International, Inc. (FOOD) may have started a bullish reversal following a breakout from an inverted head and shoulders pattern. If FOOD can sustain its recent rise and stay above Php1.40 then it may be able to rise towards at least Php1.75. A move over that may then send it to its next hurdle at Php1.85. Still, a slip below Php1.40 may bring it down to Php1.20.
*Consensus target price or average target price given by the major foreign and local brokers of various stocks are available in our Equity Advisor!
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