Mercantile Securities Corporation (@mercantilesec) 's Twitter Profile
Mercantile Securities Corporation

@mercantilesec

Providing traders/investors with news and updates of the Philippine Stock Exchange.

ID: 1498135882926202885

linkhttp://www.mercantilesec.com calendar_today28-02-2022 03:20:19

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$MWIDE the stock might be bottoming out.. RSI14 above 50 MACD climbing up There are volume spikes. Bulls are slowly coming in. Buy below P2.00.

$MWIDE the stock might be bottoming out.. 
RSI14 above 50
MACD climbing up
There are volume spikes. Bulls are slowly coming in.
Buy below P2.00.
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$PSEi The index is currently trading above the 200EMA, which shows the bulls are in control. If it can hold this area, the index may soon rally towards 6,600 and may even break that level. So far, not been much catalyst for the market aside from the sales tax reduction. Good

$PSEi 
The index is currently trading above the 200EMA, which shows the bulls are in control. If it can hold this area, the index may soon rally towards 6,600 and may even break that level. So far, not been much catalyst for the market aside from the sales tax reduction. 

Good
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$PSEi The PSEi continues to find strong support at the 6,300 level, a key psychological and technical floor. However, we anticipate the index will trade sideways in the near term, lacking strong momentum in either direction. Immediate resistance is at the 100-day EMA (~6,530),

$PSEi

The PSEi continues to find strong support at the 6,300 level, a key psychological and technical floor. However, we anticipate the index will trade sideways in the near term, lacking strong momentum in either direction.

Immediate resistance is at the 100-day EMA (~6,530),
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$PLUS Rejection at 39.50 50EMA and 39.66 100EMA. RSI 50 acting as resistance. No mention about the ban of online casino was a bullish news among investors. Moving forward, next catalyst would be the announce of PSE if the company will be included in the next rebalancing and the

$PLUS

Rejection at 39.50 50EMA and 39.66 100EMA.
RSI 50 acting as resistance.

No mention about the ban of online casino was a bullish news among investors. Moving forward, next catalyst would be the announce of PSE if the company will be included in the next rebalancing and the