Looking forward to bullish this December because of business flourishing because of fundamentals by people demanding more from suppliers by orderering more goods and services because of the holidays.
As December nears, and more people come, i expect a breakout to the long because of influx of Philippines currency from abroad and scheduled parties and events in the Philippines.
Ber season is good for business.
this chart shows a clean cycle count. the question is, is this wave 1? or wave x of a bigger correction? this clear wave count suggest that the index is going up.
Goodluck PH stock traders.
Because of the China issue, trust in asia stocks etc., is going down, but the intelligent invester will remember, Philippines is not China.
As things are improving under the Marcos regime, it's best to be among the few who buys in now and hold for a net profit early.
There is a monthly imbalance here, meaning sometime int he future, price may go up. Of course there will be a lot of volatility of ups and downs in the short term that we need to hurdle, but this one takes the cake.
So far, businesses are back. People are going to school and work. The basic transportation, electricity, food, clothing and shelter demand is...
PSEi has approached and continued to hold the 6.8k level as seen in yellow. Strong level for a resistance, now turning support. There seems to be a strong indication that it will be bullish for the week. It is critical to see how the price action will evolve in this area of value.
With PSEi's tendencies to mirror US indices, it may potentially also mirror the...
All info priced in, current price on phase two tapping the support. Will it bounce or go down? We don't know. All we know so far is that price is hovering the support on phase two and may go up.
Xmas season causing spending causing spike for demand for good and services causing overall outlook for companies to increase.
Price action is consolidating just in time for a break for a long direction. And candle marking a hammer is forming.
$PSEI now on Tradingview. If growth is worst than expected might possibly see <3.5k to 2.6K as strong support area. Immediate resistance at 7.4K. Trade cautiously everyone.
