• First Philippine Holdings On The Way To Php110.00

    First Philippine Holdings On The Way To Php110.00

    First Philippine Holdings Corporation (FPH) may soon follow in the footsteps of EDC and FGEN. As you can see from its chart, the stock appears to have finally broken out of an ascending triangle pattern when it moved past the resistance of its recent consolidation at Php92.00. If FPH can sustain its move past Php92.00 then it may be able to move higher and reach for its minimum target of Php101.50. Note that the same break may also lead it to eventually reach its former high at Php110.00. Remember that FPH is also ‘cheaper’ proxy for EDC and FGEN.

    _____

    To know more about the Trading Edge Equity Advisor kindly click HERE. Subscribe now to receive email alerts before the price moves! 🙂

    *Consensus target price or average target price given by the major foreign and local brokers of various stocks on top of index names are available in our Equity Advisor!

    For those who are interested in technical analysis or learning how to profit using charts, we have an upcoming Technical Analysis Course on March 21 to March 22, 2015. For more information, you may send us a direct message here or text/call (+63) 917 899 90 09.

    Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInShare on TumblrPin on PinterestShare on StumbleUponShare on RedditDigg thisBuffer this pageFlattr the authorEmail this to someone