Long
Looking for a reversal as RCB's MACD is above zero-line
Despite 2Q missed earnings and the Php1Bil fine for non-compliance with banking laws, I'll take my chances on RCB.
On a technical note, the MACD coming from a buy crossover, is now above the zero-line which indicates a stronger buy signal. Also, the YTD support at around 29.50 is looking strong. I'll have my stop at 28.75 (YTD low).
Good luck!
On a technical note, the MACD coming from a buy crossover, is now above the zero-line which indicates a stronger buy signal. Also, the YTD support at around 29.50 is looking strong. I'll have my stop at 28.75 (YTD low).
Good luck!
Transaction en cours
RCB did bounced, but maybe short-lived since the 200-week EMA is now getting closer to the current price. You may want to take profits or set stops to break-even.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.