mbpc.docx - PUBLISHING CORPORATION BACAYCAY RIODELMAR D BSA 2-A FINANCIAL MARKETS Manila Bulletin Publishing Corporation(MB was founded as the Daily

mbpc.docx - PUBLISHING CORPORATION BACAYCAY RIODELMAR D BSA...

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BACAYCAY, RIODELMAR D. BSA 2-A FINANCIAL MARKETS PUBLISHING CORPORATION
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Manila Bulletin Publishing Corporation (MB) was founded as the Daily Bulletin on February 2, 1900 for the purpose of engaging in the publishing business. The Company was incorporated on June 12, 1912 as Bulletin Publishing Company and re-incorporated on September 25, 1959 as Bulletin Publishing Corporation. On June 22, 1989, the corporate name was amended to the present one.
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SUPPORT AND RESISTANCE The above chart for Manila Bulletin Publishing Corporation (MB) shows a large trading range between September and October. Support was established with the August low around 0.42 per share. In November, the stock returned to support and formed a low around 0.40. INTERP RETATI
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After each bounce off support, the stock traded all the way up to resistance. Resistance was first established by the August support break at 0.42. After a support level is broken, it can turn into a resistance level. From the September lows, the stock advanced to the new support-turned-resistance level around 0.44. When the stock failed
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