First Philippine Holdings Corporation (FPH) of the Philippine Stock Exchange started climbing during the 1st quarter of 2009. From that moment, FPH continued to move uptrend from 18 pesos to the current price of 53.5 pesos per share. Few days ago, FPH broke out from its 3-month resistance (red line) and is bound to go up as long as the price remains above the support line (dotted violet line).
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