It’s been quite a good run for Megaworld (MEG) since March as well as the as the Philippine stock market as a whole. If you bought the stock back then in the 0,40 Philippine Peso area, its value is more than doubled now. The stock still has a big room for appreciation based on my technical analysis. A mini-triangle or the so-called flag chart pattern (indicated by the red diagonal lines) is currently forming and bound to breakout anytime if the price surges above the resistance line (topmost red diagonal line). If everything goes well, I set my target price at 1.16. Click image to enlarge!