Universal Robina Corporation or URC, a publicly listed company in the Philippine stock market, has been performing well as its stock value increased. From my previous post I mentioned that it was creating an ascending triangle chart pattern as for my technical analysis but not. As seen in the chart, URC is moving in a “range” bouncing off the support line (red diagonal line) couple of times . Despite the area pattern confusion from the previous post of this topic, it still achieved its minimum target price of 9.5 Php. Click image to enlarge!