Firstly, I'm disappointed with the Phisix performance last Friday. Hopefully come Monday, we'll have a more exciting week.
Did you guys notice the sudden sell off in PA, IS, AJO, SUN almost simultaneously past 11AM? Nagpanic selling yata mga tao, could it be PSE sniffing their noses again on the speculatives... :?
Anyway, just want to share this VUL chart. VUL has been one of the more boring mining stocks. I'd like to share this chart with the group. Is this a valid cup and handle?
If yes, then maybe a buy and hold strategy for VUL would work, and we'll see a price appreciation to somewhere near Php 2.00?
There's no rush to buy VUL, but just keep this on your radar screen. If you zoom in to the last 2 trading days, it's been trying to go past the 30 and 65day moving SMA, a resistance level for VUL for quite some time. Imminent breakout?
