TIMEFRAME: MONTHLY AS OF 03/14/2021

Notes:

1.) Usually, from an ascending triangle. “2/3” from the trend reversal will be the price action.
In my preference, this is the best time to enter by tranche. (We are still in the month of March, on-going red
candle, April should be a green candle.)
2.) RSI, already visited RSI 20’s. A sign of reversal, RSI currently at consolidation.
3.) MACD About to go up against negative histogram.
4.) Volume at the end of March should be same with other volume-bar-correction’s height. This indicated rejection
of price below the ascending triangle pattern.
5.) Bollinger band about to constrict, a price action will occur soon.
PRICE ENTRY: P5.70 – P5.80
POSSIBLE ENTRY: P4.50 – P4.70 (IF RETEST ONLY, THAT WHY IT IS BETTER TO TRANCHE ENTRY)

PRICE EXIT: P12.00

POSSIBLE EXIT: P9.00

CUT LOSS (ENTERING AT P5.7): P5.30

NOTES:
1.) MONTHLY – CONSOLIDATION BASED ON INDICATORS (WITH ASCENDING TRIANGLE PATTERN)
2.) WEEKLY – CONSOLIDATION BASED ON INDICATORS (WITH ATYPICAL TRIANGLE PATTERN)
3.) DAILY – DOWNTREND CHANNEL BUT SITTING ON (MONTHLY TRENDLINE W/ LOW VOLUME PRICE REJECTION)