esteban
Long

Looking for a reversal as RCB's MACD is above zero-line

QUANDL:PH/RCB   PH/RCB
102 0 1
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!
Trade active: 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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