Anyone see the double bottom here? Sana sumipa ito starting at 1.68 with volume. 2.20 ang target but be careful around the 2 peso area, may previous resistance dun.
maliwag pa sa sikat ng araw ang double bottom bosing....i'm still holding mine @ 1.48 but want to add more....what's your recommendedd entry level 1.64/1.66/1.68?? of course dapat with volume...di ako worry sa 2.0 resistance, kasi 1.99 lang naman TP ko.
Breakout yesterday from 1.66 came with volume, regardless if market in general was weak, as to be expected on a sparse trading day where many are on vacation.
Today is the consolidation of a flag IN the breakout of the double bottom. The breakout was the pole.
So if the pole's hi is 1.74, then today's hi is 1.76, if consolidation continues tomorrow, max resistance is at 1.78. Anything higher than that is supposed to be a breakout. Watch the volume if it does go to 1.80 or higher tomorrow.
