NikkiYu
Short

EPHE is still a short on this countertrend rally.

12 0 3
We note that 2015's peak of 8100 has been shown by the bearish divergence based on the index price versus dollars.

Since topping during May 2013             , the Philippine index has already been in a bear market. It's currently staging a relief rally which will be capped at the 0.75 level thereabouts.

This spread chart is only an illustration to short EPHE             and be bearish the Philippine markets from a longer term perspective
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