First Philippine Holdings Corporation (FPH)
Consensus Target Price: PHP 78.85 [Read more...]
First Philippine Holdings (FPH) Gearing For a Move Up?
First Philippine Holdings or FPH has been performing relatively well for the last three months. And by the looks of it, it seems that is already gearing for some more gains. [Read more...]
PHILIPPINE STOCKS: FIRST PHILIPPINE HOLDINGS CORPORATION (FPH) – April 6, 2010
In just seven trading days, FPH (First Philippine Holdings) had gone up from 53 pesos per share to its current value of 58 pesos, that’s almost 10%. During my last post about this stock, it had just broken out from the 3-month resistance. Now, it currently stands on the 2-year resistance line (green dotted horizontal line) at 58 pesos. Will FPH breakout from the resistance line or will it just bounce back down? If it breaks above 58 pesos, a higher probability of a big move can happen.
My Ideal Entry: Upon Breakout/when price goes above the current resistance line (green dotted horizontal line). Around 58.5-60 pesos
My Ideal Stop Loss: Upon Breakdown/when price goes below the support line (violet dotted diagonal line)
My Ideal Target Price: The next resistance line (yellow dotted horizontal line) which is 73 pesos
Reason for Trade: A breakout from the current resistance line (green horizontal line dotted line)
PHILIPPINE STOCKS: FIRST PHILIPPINE HOLDINGS CORPORATION (FPH) – March 28, 2010
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).
