Are Bank Stocks Still A Good Shelter (Hedge) Sa Panget Na Market?

Bank stocks are the ones that jumpstarts recoveries.

Lahat ng pera ng tao, negosyante at investor ay dumadaan sa mga banks.

Kapag magrerecover ang isang ekonomiya ay una itong mararamdaman muna sa mga banksing sectors.

Is bank stock a good hedge sa panget na market?

Let’s take one particular bank stock chart.

MBT.

An inverted head and shoulder is being formed on MBT.

This is a pretty straightforward pattern. You buy upon the breakout of the neckline. You put a stoploss point below the right shoulder.

The idea here is to let the price break its swing high then cut your losses once the price go back down and breaks support or swing low.

Entry is at 71 pesos or above it. Your cutlloss point is below 67.5 pesos so around 67.45 pesos is okay.

This is a low-risk trade. Your risking close to 5 percent on this trade.

I hope this blog helps you.

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