an online stock trader's personal take on the Philippine stock trading scene and related matters
08 May 27
May 27, 2008As I have predicted, resistance was able to hold prices and seems to be on its way down to support again.
But the downtrend seem to be minimal hinting on a possible higher low. If this holds true, the short term future looks good and might be a sign of a possible break of the nearest resistance. (If not only for the crazy prices of oil)
On the local company scene, the bustle made by GSIS head Winston Garcia in the Meralco-management-take-over flurry continues to hound the electric giant and its stock price. I hope it ends real soon as investors are not comfortable in shaky waters
