Sunday, January 15, 2012

Stock Pick: PX Update

Figure 1: PX Price Chart

Accumulate inside the BUY ZONE area (P19.25 to P22.50). Cut losses when price goes down below P19.25. Key target of PX will be the PRZ for either the bat or crab harmonic pattern. Given the bullish divergence on PX, there is a high probability that its price will soon move up.

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