[THIS SHOULD HAVE BEEN POSTED LAST DECEMBER. IM STILL POSTING FOR POSTERITY]
If you rely on Technical Analysis solely for your investment decisions, you shouldn't be investing in PSE these days. It aint looking good.
Since the hoped-for recovery was stunted last October by the probable taper (the moment the positive US economic indicator came in, foreign funds furthered their exits), the trend is clear that we are on a downward channel.
MEG is on a downward channel.
BDO is on a downward channel
The banking sector is very cheap and tempting, but you should only nibble if you insist on getting in.
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