Metropolitan Bank and Trust Company: 3 February 2014, Monday, 7.35pm Singapore Time

Metropolitan Bank and Trust Company: 3 February 2014, Monday, 7.35pm Singapore Time

Attached above is the Metropolitan Bank and Trust Company listed in the Philippines Stocks Exchange.

(PSE: MBT)

+ Upwave Price satisfaction achieved at 133.20 Peso for end of upwave

+ Currently in steep down-channel as above, reflecting inherent bad fundamentals that may not be known yet

+ High Selling Pressure Zone (HSPZ) 1 at 90.47-98.10 Peso

+ High Selling Pressure Zone (HSPZ) 2 at 83.05-90.47 Peso

+ HSPZ 1 acts as layer 1 trapping first batch of investors

+ HSPZ acts as layer 2 trapping second batch of investors

+ Currently Metropolitan Bank and Trust Company is at double-resistance 

(ORANGE AND BLUE RESISTANCES) as above

+ Current point of Metropolitan Bank and Trust Company is also not far off from HSPZ 1 and HSPZ 2.

+ As many as 4 Solid Resistance ROAD BLOCKS are suppressing this Philippines Bank: VERY BEARISH.

+ From DNA Analysis, one word sums it up for the Philippines Bank: DISASTROUS.

+ Currently Metropolitan Bank and Trust Company is awaiting the next phase of sharp plunge again.

+ Many of the Filipino Banks are very bearish in structure: SELL
(Capital Flight Out with Bearishness Warned in Nov-Dec of 2013)

Donovan Norfolk Judgement:

Bearish for the mid-long term.

Unload/Sell/Short on every Rebound
Worldwide Bank Stocks Bearish now 
Emerging Markets' Banks do not look optimistic.

As Banking and Financial Sector are the arteries of economic activities, this further signals weakness in stocks, equities and financial markets worldwide.

RELATED: THE GREAT CAPITAL FLIGHT OUT OF WORLDWIDE BANK STOCKS:
FTSE ST Financial Index: http://donovan-ang.blogspot.sg/2014/02/ftse-st-financial-index-2-february-2014.html

Citigroup (U.S): http://donovan-ang.blogspot.sg/2014/02/citigroup-inc-3-february-2013-monday.html

DBS Bank (Singapore): http://donovan-ang.blogspot.sg/2014/02/dbs-3-february-2014-monday-1230am.html

HSBC Bank (U.K, Hong Kong): http://donovan-ang.blogspot.sg/2014/02/hsbc-holdings-hkse-3-january-2014.html

OCBC (Singapore): http://donovan-ang.blogspot.sg/2014/02/ocbc-bank-3-february-2014-monday-240am.html
JP Morgan (U.S): http://donovan-ang.blogspot.sg/2014/02/jp-morgan-3-february-2014-monday-757am.html

Market Update: http://donovan-ang.blogspot.sg/2014/01/market-forecast-update-31-january-2014.html

Donovan Norfolk Ang

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