PSEI trade ideas
$PSEI Lazy ForecastParabolic SAR on the Monthly chart says we're bullish, the question is for how long can it sustain?
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 !
PSEi 2 scenarios. Triangle of Wave 4 zigzag or 5 waves downBUllish only if it breaks above 6,600 invalidating this forecast thus filling thy gap.
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.
Tech AnalThe 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.
THIS IS BAD - NEWS ANNOUNCEMENTS ARE EVIDENT IN THE MARKETDO NOT TRADE WHEN YOU ARE ON THE NEWS TREND LONG OR SHORT IS OUT OF THE QUESTION
The Philippine market to bear mrketAny rallies on this index is a chance to sell next stop 3650-3700
PSEAfter a continuous rise since 2008 , Philippines index is consolidating from past one year
Will it break the channel upwards ?
