Philex Mining's possible base:
An anti P18.00 support
Possible resistances:
P21.00
- if the price hits the dashed line in lesser time than the formation of "wave c". Buy on retracements. It is a confirmation of reversal.
P22.00
- 50% retracement of "wave C" of the triangle
P22.50
- 61.8% retracement of "wave C" of the triangle
NOTE:
If base breaks, next support is at 18 pesos. A very very very good deal for Philex Mining.
