LR breathes for air

So have you sold your positions last friday? If you're asking me, I haven't. I held mine. And yes, there is that feeling of "I should have sold it". I didn't follow my system thus, I lost that 7-8% difference and gratification has delayed.

What I learned from this? Two things.. The solution I am formulating right now really WORKS and I must follow my system!

Here are the facts and my opinions.

1. LR's move last friday stopped at 100% fibo of a.
• Probably the trend may still continue until it  touch 50% or 61.8% of b' retracement.
2. LR didn't able to penetrate 70 RSI.
• Watch RSI's Support wall for a possible bounce. Considering it's distance and market's psychology. Php 8.00 is a good price for support.
3. RSI Daily > RSI Weekly.
• Last Friday's Action probably happened to neutralize the difference.
4. Price is reaching 50 MA in weekly chart. (See chart below)
• Another support but in weekly basis. 
• 50 RSI in weekly chart may act as a support as well.

Based on these, my actions will be:

• SELL positions IF the price reach Php 9.00 and the resistance will still exists then BUY back at established supports in retracements.
• HOLD my shares IF price will not manage to test resistances. BUY on future established supports. (Peso Cost Averaging)
• SELL ALL my shares IF no supports will be established.