Saturday, June 2, 2018

Chart Paint Louder Than Words No. 1 - Philippine Stock Exchange Index (PSEi)

Chart Paint Louder Than Words No. 1 - June 2, 2018
Stocks
Philippine Stock Exchange Index (PSEi)
Last Price: 7630.26

Technical Analysis:
- Price Return to Uptrend Line (Trendline almost 7 years) 
- Completede a Bullish Reciprocal ABCD
- Supported by the 61.8% Fibonacci Retracement Level
- Bullish Divergence
- Volume Above 20 Day Moving Average
Trading Plan:
- Recommendation : Sell into Rallies/Lighten Your Position
- Resistance levels are at 7700, 7839 and 8076
- Support levels are at 7484, 7254 and 7050




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