STOCKWATCH - AUGUST 2009

RCB

An inverted "HEAD n SHOULDER" is forming from the RCB chart as shown above. If it be able to break out with good volume, our target price will be Php 24.75.

PNB is also forming an inverted HEAD n SHOULDER formation, will it succeed to break out for good? Target price will be Php 41.00.

STOCKWATCH - AUGUST 2009

GMA7

GMA7 broke from an inverted head and shoulders formation, and as election day fast approaching
this stock will surely benefits from candidates campaign ads. Target Price is Php 11.50.