Filinvest Land, Inc. (FLI) has likely stepped to the start of a new uptrend following its move past the Php1.70 marker. This is because its rise over the said level actually translates to a breakout from a complex basing pattern that somewhat resembles an inverted head and shoulders pattern. Notice also that the said breakout was accompanied by a spike in volume, suggesting that there has really been an increased demand for the stock. Moving forward, FLI may now carry itself until it meets its next key resistance at its 2013 high of Php2.20 to Php2.27.
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