PHILIPPINE STOCKS: MUSX (MUSX CORPORATION) 11-15-2009

MUSX seemed to have broken out last Thursday morning but went back in its area pattern the next day as the US market dropped Thursday night (Manila time). Still, it can bounce back up anytime soon! Click image to enlarge!

PHILIPPINE STOCKS: MUSX (MUSX CORPORATION) 9-22-2009

Among many stocks that already have gone up after the market crash, there are still that haven’t and one of them is MUSX Corporation (MUSX). In the picture, the stock has been consolidation sideways for months and seems to be forming an ascending triangle formation (indicated by the red diagonal lines). Once the price breaks the resistance line (top red diagonal line) with heavy volume, a minimum of 0.17 pesos per share is achievable. Click image to enlarge!