Stay constructive on Philippines but be strategic and wary of critical resistance levels. Charts have broken down since April 7,2015 yearly high of 8,136
Some companies may go above resistances faster as they’re likely to hang on towards higher support levels.
This is just a guide as foreign selling will still dominate the tape in the next few days. It will be up to local funds to support which companies they’ll buy.
Buy on dips, Sell on rips for the next six months. Use earnings to vindicate whether companies are worth holding or passing on to cash.