Using TA, I'm trying to find and "time" good
[strong fundamentals] stocks for long term investment.
Not really the best of banks, but it's one of the best bank stocks to trade in the market.
It's been a while since I last did this...
This is my second time to post under 'Investor Mode' tag.. You know me, I love volatility!
But I make special cases especially when I see potential future flyers.
Here's my last post under Investor Mode:
Here are your PNB Charts:
(Click Images to Enlarge)
|PNB 6 Months Daily View|
(PNB All time Weekly Chart)
By the way, PNB Registered Php103,703,313 NFB Today.
Something's cooking.. Maybe something in their 1st half reports..
Maybe something else... But of course... that's all in my crazy head...
As one of my teachers in FM put it:
"Price Action Always Ahead of News..."
If those key resistances are breached, HOLD until your greed is satisfied. Hihihihi.
Buy on dips... Follow the trend...
Timeframe: 3-6 Months
PD: None as of the moment.