Prospect Capital - Prospecting in Red. PSECAnother bearish setup for a Capital corporation. It seems we have done a five wave impulse and are now correcting. Indicators confirm dropping momentum and divergence on oscillators also present on multiple timeframes.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
PSEC
PSE Index Analysis 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 !
PSEC - uptrend aheadThe 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 reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
$PSEC long term dividend. This is one of my dividend holdings that I picked up on Friday (1,000 shares). It pays an 11% annual dividend, but also enjoys movements of quick bearish drops and equally quick recoveries.
Full details of this play at https://wingtrades.com!
My entry of 1,000 shares was at $6.47 on Friday, February 8, 2019.
Philippines ETF Daily Update (18/8/17) *Shh..Bear Philippines ETF is going all over.
It is definitely early to say but I can't help but see signs of wear.
Bears may be taking over soon. Once they become obvious, it will be late by then.
I am cautiously Bearish.
Trade Safe,
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.