Here’s a potential trade on a speculative issue in Crown Equities, Inc. (CEI). As you can see from its chart, the stock appears to be in the process of completing a massive complex basing pattern. As of recently, the stock has already approached its key long term resistance at Php0.10. A successful move past Php0.103 may launch it to a new objective of Php0.19 while a failure to clear the mentioned hurdle may bring it down to Php0.85. Note that given the time that it took for the stock to base (more than 10 years), a breakout would result in a quick release en route to the said target.
*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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