Looking for a reversal as RCB's MACD is above zero-lineDespite 2Q missed earnings and the Php1Bil fine for non-compliance with banking laws , I'll take my chances on RCB.
On a technical note, the MACD coming from a buy crossover, is now above the zero-line which indicates a stronger buy signal. Also, the YTD support at around 29.50 is looking strong. I'll have my stop at 28.75 (YTD low).
Good luck!
