selected technical indicators of PSE-listed stocks
c: closing price
05 feb 2013 closing prices
pnb (philippine national bank)
r: 100, 102.50
2. the histogram still sliding down .. both the rsi and sts now at the trading zone below oberbot levels (the sts gave a sell signal last monday) ...
3. pnb has been suspiciously trading sideways for the past few days (or its just my mind fooling me) ... the legal merger between pnb and allied bank is to be carried on saturday already yet price action has been so-so ... no follow-up news regarding the case filed by former allied bank owners last week ... stock market forums seem to have implemented a stockmarket omerta on the case ... as i posted here before ... i already sold all my pnb's last friday (see: today's log: pnb, lpz, dnl (01 feb 2013) ..im just watching in the sidelines for now ... waiting for any indication of life ... ready to jump bak in should pnb roar past my 102.50 resistance ...
previous PNB monitor: The Ninja Stock Monitor: PNB (31 jan 2013)