Technical Analysis of FNI & URC as of 16 June 2015

Global Ferronickel Holdings, Inc. (PSE:FNI) FNI last traded price as of June 16, 2015 is 1.71.  Based on daily chart, short term trend is bullish as per ichimoku elements.  The critical resistance levels that FNI need to break are the 38.2% fibonacci at 1.90 and 50% fibo at 2.10. However, there are also support-turned resistance…

How far can $URC go?

The chart as shown above is the historical chart of Universal Robina Corporation (URC).  This stock was trading before at P5.9 per share on Jan 5, 2009. Today, Jan 2, 2014, the stock is now traded at P118 per share. It sounds easy to buy & hold, right?  Well, if you had started investing in…