From my previous post about Globe Telecom of the Philippine stock market last month, it has just broken out from the ascending triangle chart pattern as for my technical analysis. Now, it’s about to hit my target price of 980 Philippine peso. If the stocks of Globe Telecom (GLO) were bought at 900 pesos per share back in May 15, around 7% profit is made as it closes today at 960. 7% in less than a month isn’t bad at all. Click image to enlarge!