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 PSEi is still on a downtrend, 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.
But considering the volume profile (2014 to present), the point of control is priced at 267.97
And adding to the fact that the PSEi is still on a downtrend, 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.
