AP - Aboitiz Power Corp

Selling pressure weakening as seen on the price action. Forming higher lows and almost equal highs. Watch out for the possible breakout from the ascending triangle. MACD line about to cross the signal line.

Note: An ascending triangle is formed by (almost) equal highs and higher lows. It is a bullish signal, whether encountered in an up- or down-trend. It is most often observed as a continuation pattern in an up-trend but is a strong reversal signal when witnessed in a down-trend. 

Disclaimer: This is my personal technical analysis on this stock. It is not my intention to give a buy or sell advise. Trade at your own risk.