PX (Chart:
Daily Resistance: 23.10 Support: 19.86)
Even before the
tailings leak that happened last week for Philex, this stock is already on its
way down after breaking down from a symmetrical triangle. The recent news only sealed the fate of this
stock as volume increased selling the stock down.
With the symmetrical
triangle, the downward target price for this stock is near 18. Expect another dead cat bounce by next week
as the stock is already below the RSI oversold level.
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