First Philippine Holdings or FPH has been performing relatively well for the last three months. And by the looks of it, it seems that is already gearing for some more gains.
As you can see from its daily chart above, FPH has been consolidating within a symmetrical triangle. At present, it is already trading near the apex of a triangle, suggesting a likely swing soon. With FPH moving above its 200-day moving average, the chance of an upside breakout is greater. So if an upside breakout occurs, it could head towards PHP 70.00. A fall below the 200-day moving average (blue line) on the other hand, push it down to PHP 60.00 or even PHP 55.00.
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