In my entry last July 18, 2011 (please see my post here), I noted that FPH has a consensus fair value computation of about PHP 78.85 per share. And upon looking at its daily price movement since 2009, I noticed that it has been forming a huge inverted head and shoulders continuation pattern since September 2010. Now the pattern, if it is indeed one, looks almost complete. Hence, a breakout off of its neckline could send it to around PHP 80.00 as gauged by the height of the formation. Though given its size, I would consider a move to be a valid breakout only when it closes above PHP 65.00 at least 2 to 3 days. Still, some resistance could be met right near its present 3-year high at around PHP 70.00.