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First Philippine Holdings Corporation (FPH)

As of today's trading, FPH looks poised to accelerate to the upside. Notice that FPH is no longer trading within the (blue) channel but within the new (red) channel, which has a steeper slope. Last Friday, FPH tested its support at 67. Today, it bounced off that low. FPH may retest its previous high of 72 in the next couple days. A break above this level should lead us to an initial target of 75. 


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