TBGI
Volume 207,000 shares
low PhP 2.14
high PhP 2.18
close PHp 2.18
PSEi down 57.22 points
The stock price is poised to break out of a month long consolidation. Any price movement should be accompanied by volumes. Yesterday, the 10, 30 and 200-day moving average (m.a.) converged at PhP 2.12. Today the 10 and 200 day m.a.s crossed over the 30 day m.a.
If the price rally progresses above the previous high of php 2.22, the initial target is the PhP 2.26 - 2.30 price gap and then the PhP 2.40 -PhP 2.46 price gap.
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