Robinson Retail Holdings, Inc. OCT 13 2014

We're going to look into another listed retailer in the roster of the Philippine publicly listed companies. This time we turn our heads to Robinson Retail Holdings, Inc. (RRHI). RRHI lately developed a potential complex head and shoulder pattern with a deformed uneven formation of the head. Note the complex head and shoulder pattern can turn out to be another pattern called as broadening top pattern. It's one of the megaphone variety patterns. Subject to personal interpretation, price action could go downwards to tap or reach the 49 peso level again. Should that happen, RRHI has already forewarned through the price pattern. Since the pattern seen is not a trending pattern and still needs confirmation or an intending price reversal the 49 peso potential target is still just a target.