• Bounce Play on PXP?

    Bounce Play on PXP?

    Last January 7, 2013, Philex Petroleum Corporation broke out from a cup and handle pattern (see write-up HERE) that has a neckline of Php30.00 to Php30.50. Shortly after the breakout, it raced upwards before getting halted by the Php34.00 level. Since then it has just move in a sideways fashion. Recently, it fell back towards

  • PXP: Resurfacing From The Deep?

    PXP: Resurfacing From The Deep?

    After seeing the shares of Philex Petroleum Corporation (PXP) plunge from a high of Php 48 to a low of Php 23 late last year, it seems that it can start to recover at least part of its losses. Since September 2012, PXP has been consolidating within a cup and handle formation which it escaped