Update: Xurpas

If you see on the subject line the word "Update", expect that it will just be a short post as it would only contain (just as you were thinking) updates from previous post I have.

This time, let us look at the update from $X stock (Xurpas) which we had a post previously HERE.

Figure 1: X Chart Update

$X bounced off near support ad Php13.28 and is currently our Potential Reversal Zone. Though we could see some rejections of price at Php14.00, I would like you to look closely on this one and execute your trades with better risk-reward. Look out for buy signals on the lower time frame. Line in sand is still at around Php11.00.

Disclaimer: Trading is a risky thing and the post in this site are for educational purposes only. Equities and Forex Trading is speculative in nature and may harm every trader and investor by losing money. Thus, do not treat this post as a recommendation to BUY or SELL a stock or a currency pair. Blog contents are valid only on the date of publication and will be subject to change without notice. Thus, the reader is advised to take precaution, and is recommended to do their own studies before pressing the BUY and SELL buttons. I will not take any responsibility with the readers trading results.

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