PSEi Seems To Be On Pullback Before Hitting 8K Again

PSEi seems to be on pullback before hitting 8K again. Longer time-frame shows that the index is still intact.  As of 30 April 2015, price action is headed for short term correction which is healthy correction on uptrend.   PSEi as of 30 April 2015 closed at 7714.82. As of this date, short term trend is…

Long Term Macro View: MBT

A good way of learning the overall direction or trend of the stock is understanding the long term macro view of her price action. Taking a long term perspective is also understanding where the PSE index is heading. Let’s take an example of Metropolitan Bank and Trust Company (MBT) which is generally following the index.…

PSEi @ 10 Apr 2014 with bullish stocks update

The way PSEi price action is moving, indicates a positive sentiment. In a daily chart, it is still sticking below the upper channel line but looks like the price action, currently at 6638, wants to penetrate the valid trend-line.  It is approaching the resistance area at 6648.  The current trend in a short term is…

PSE Index has to break 2 resistance areas in a short-term

Global markets indeed affect the local market, which is the Philippine Stock Exchange Index. When I read the breaking news last night, “Bloomberg breaking news: Fed’s Janet Yellen Says Economy Needs Extraordinary Support For ‘Some Time’, I did not hesitate to immediately tweet on 31 March 2014 that Yellen announcement is a positive sentiment indicator…