Stock Market: APC has been going down for months now and it decided to move sideways as seen in the chart. Based on my Technical Analysis, there could be a inverted head and shoulders chart pattern forming and this could be confirmed by the breakout from the neckline at 0.43 Philippine Peso along with a huge increase in volume.
Stock Market: ALI is showing signs of a possible reversal from a downtrend to an uptrend by forming a inverted head and shoulders chart pattern as what is seen in the chart. In case this breaks out, a good entry price for this is 11.5 Php with a minimum target of 13.5 based on technical analysis. Click image to enlarge!