PSEI rallied last Thursday but fell the next day! Foreign buying is still on! I hope Foreign buying will continue this week so stay focused!
The old adage which says "BUY near support and Sell near Resistance " still holds true.
Those who bought growth stocks and blue chips at the 7500 level are still on the green.
This week our market has no clear trend yet whether its going UP or down! SO BE VIGILANT!!
If goes down, wait near support and get ready with your watchlist!!
If it goes up, make sure to get in early and enjoy the ride!!
PSEI must break above 7766 for its first resistance!!
MRC has still got some power in it! RSI is still in the safe region. Support lines are in the 0.21 level. Buy near that level.
A possible MA9 bounce near 0.2270. A GTC(Good Till Cancelled) is the best way to get back into MRC.
If support breaks then CUT your losses early!
Bloomberry has been breaking its resistance and is due for a bounce! Keep an eye on this stock! Green Candle and Big Volume are your reversal signals! So be READY!!
MAXS has been moving sideways for DAYS now and might go up once again! BUY below 29, a good entry price when it goes back again to 34!
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