This blog is committed to the serious study and valid understanding of technical analysis and its objective application to stock selection, risk management and execution primarily in the context of trading stocks listed in the Philippine Stock Exchange (PSE).

Friday, December 14, 2007

AC .. UGLY HEAD AND SHOULDERS ..

Important update on my previous AC post .. HEAD AND SHOULDERS finally completed today with a break of the neckline.. Height of pattern suggests a potentially ugly TP of 450.00 ... there are 2 exit opportunities .. (1) exit now at the break of the neckline.. or (2) wait for an upward correction and a failure of the retest of the neckline ..

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