There is no place like home. If only work permits, the Mokong would willingly be a shareholder of Victory Liner and spend weekends at home. With the cold weather, view of pine trees, and the usual relaxed way of life, it is a shame that there is no trading today. Let's take this time to reflect on the past weeks' trades.
Sold DMC as it enters consolidation after breaching Php60/share. Let the RSI cool-down before re-entering.
RCB is currently supported at Php70/share after breaking that cup and handle pattern. Together with BDO, the above than average move last Friday may signify the shift of market sentiment back to banking. Resistance due to the uptrend line may still hinder possible rapid spikes.
Sold ABS for the fear of "sell on news" and RSI triggering a sell signal. The Mokong did not see the force of Mandarin during the last two daily candles of ABS. Let the dust settle before re-entering.
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