Monday, November 25, 2013

MWC broke down as well :( 11-26-2013

MWC broke below its 4.5yr uptrend(25.0), its now trading way below the support, now at 22.9, its hard to believe that most bluechips stocks are 'technically' becoming into bear market, and supports are below:

21.5 - 61.8% retracement of the entire 4.5yr bull market
19.0-20.0 - technical 2008 and 2011 top

Sad to believe that day by day, an important component of PSEi is deteriorating..

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