Probably the strongest index name in the PSEi, MER has a potential to hit the 340.21 resistance target.
But considering the volume profile (2014 to present), the point of control is priced at 267.97 And adding to the fact that the , this makes me cautious of buying in on the pivot set at 306.13.
In any case, I'll buy some units at 306. And buy more at 272.