PSEi - MER

MERALCO

Sold my shares when it failed to break above the resistance trendline (which used to be support trendline).

MACD was peaking and RSI was at overbought level.

Multi-year resistance around PhP400 -- it can resume its upward move if it can consolidate above this level.

In the meantime, this is a stock I like buying on dips (below P300) and hold for 2 years of so. High dividends can be enjoyed while holding.

TAYOR YMMV DYOR

(chart from investagram)