MER

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MER = 86 (1.1%)

MER formed higher low but lower high compared to previous trading day's price action. Making MER's bullishness somewhat weaker.

Note that the demand line remains intact.

Also note that the 65 & 130 MAs are attempting to cross.

Resistance: 87/88
Support: 32MA

Good luck to all MER traders!

High Court favors Meralco in P107M overpayment tax case
By Tetch Torres
INQUIRER.net
Last updated 05:42pm (Mla time) 10/16/2007
http://business.inquirer.net/money/breakingnews/view_article.php?article_id=94814

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