Miyerkules, Marso 23, 2016

FPH: Facing major resistance










Remember my post last January about FPH hitting 52 week low at 49-51? It has so far risen since then to almost 25%. As of this writing, price is 64.3 pesos per share. For those who got it at 51 pesos per share, 25% profit in just 2 months isnt really bad.

At this level FPH is facing strong resistance: around 64.5 both from 130 day SMA and 23.6% fibo. If FPH breaks this resistance, 73-74/share is the next major resistance.

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