PX - Higher Risk Than Reward

PX price last Friday stopped just below line2 resistance (6.65).

In computing for risk reward ratio for PX, we first draw the major resistance line which is the high of Nov 9, 2007 and Mar 4, 2008. We then make three duplicate lines and move it to lower resistance points and gaps. From these 4 perfect parallel lines, we take our supports and resistances. Line 1 resistance is at 7.49 and Line 4 support is at 5.53. Computing for risk reward ratio at 6.60, risk is at 1.07 and reward is at 0.89 therefore risk reward ratio is 1.2 (What?!? A whole number? Our target is only 0.33 and below.) And that is not yet considering "What if it breaks line 4?". That line 5 can bring PX to 4 pesos. If you still want to gamble with PX, buy if line 2 is taken out but be sure to exit fast if this turn south for it might be quick and it might be deep.

With a higher risk than reward, PX is only for the brave and gutsy.