The Panix Button
A BASIC Technical Analysis of Selected Stocks in the Philippine Stock Market.
Monday, January 28, 2008
Ay Ay Ay EEI!
The last 5 trading days show huge trading volume for EEI. Buying?
No way...
E
xit,
E
xit
I
ndefinitely.
This is a confirmed breakdown from a double top formation, a bearish signal. MACD continues to slide. Looks like no stopping on this one.
So I say Monski, avoid this issue. Malalim ito.
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