Figure 1: PX price chart
PX recently pulled back from its breakout point on the symmetrical triangle. This is a normal scenario for stock to pull back before resuming its upward move. Similar scenario occurred to our last months stock pick (EDC). It pulled back to its breakout point before continuing to go up to as high as P6.80. PX is also presently near oversold and RSI may soon find its support. My take here is if PX will successfully reversed from here then it may be posting to reach its previous all time high of P20.00.
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