Philex Mining (April 29, 2012)

Philexanity!
Philex Mining Corporation

20php revealed itself.

-> philex base speculation

Pattern Revelation

It made a c-failure flat. Next wave can be a X-wave because of its violent behavior. Is the X-wave done?
Let us see the charts.

Daily Chart

• Daily chart shows the 4th bump at the RSI Wall. Watch RSI at 58.9 for a possible support.
• C-wave failure suggests a formation of another corrective pattern.

Weekly Chart

• RSI at weekly chart shows a possible continuation since it hasn't reached the RSI Wall yet.
• Based from the "semi-indentical" pattern , Will history repeat itself?
• The WEDGE Theory suggest a lot of upside potential until the last week of July2012. (Php35?)