Minor FA included such as CPI, FEDS, and global events.
As you can see stocks declined since February due to Global conflicts and etc. Fundamental Analysis Aside Technical Analysis since feb indicates that PSEI has bearish signs then on march it showed a choch and a good retracement at an imbalance zone. another confluence is the harmonic pattern formed at the daily time frame which is a butterfly harmonic, target...
PSEI may fall to 50% or 61.8% Fibonacci retracement at 6272 or 5700 before any true rally to new highs. If 7000 holds, PSEI may retest 7400 then 8000.
$PSE about to DUMP!!! only if, that monthly H&S will materialize this chart is exactly looks like the $BTC.D before the ALTSEASON last december 2020
Parabolic SAR on the Monthly chart says we're bullish, the question is for how long can it sustain?
Stock is making higher high and higher low on Daily time frame however currently RSI Osc. showing a break for down trend. current correction is supposed to follow 5700 levels before it make a new impulse in primary trend of bulls. Share your views on my idea by your comments. ~Salamat !
BUllish only if it breaks above 6,600 invalidating this forecast thus filling thy gap.
The Phillipines index has finished a corrective 3-wave intermediate pattern that retraced around 38% and reached the fourth wave level of two lower degrees, this could mean the end of this correction. It seems to be finishing wave B, if price crosses up 6,000, the probable target to the upside lyes around 7,300. If price crosses down 5,380 this analysis should be...
The PSEC index is bearish. Price close on Friday went below the 20-Day MA which is in turn below the 50-Day MA. MACD is losing steam. A possible retracement of the previous support is predicted.
DO NOT TRADE WHEN YOU ARE ON THE NEWS TREND LONG OR SHORT IS OUT OF THE QUESTION
Any rallies on this index is a chance to sell next stop 3650-3700
After a continuous rise since 2008 , Philippines index is consolidating from past one year Will it break the channel upwards ?