Why I am Bullish on Philippine Stock Market this 2019

My reasons why the Philippine Stock  Market is Bullish this year 2019.

Technical Analysis

> Monthly Chart - Looks like the Lower Trendline of the Uptrend Channel was respected for the third time. There is a rule in Technical Analysis that states it takes at least two bottoms to draw a valid trend line but it takes THREE to confirm a trend line.

> Daily Chart - It seems that the index is consolidating on a triangle pattern (3-3-3-3-3). If we break 7,600 level the PSE index might trade within the range  of 8,000 to 8900 level for 2019.

Fundamental Analysis

> The uptrend will be supported by Lower Inflation Rate on 2019. The main catalyst for this is the continuous declined of oil prices in the World Market. According to BSP the Inflation Rate Forecast for 2019 is 3.5%. (Source: https://business.mb.com.ph/2018/12/02/bsp-sees-lower-2019-inflation/)

>The economy will grow 6.7% . (Source: https://www.reuters.com/article/us-philippines-economy-imf/imf-sees-philippines-gdp-growth-at-6-7-percent-in-2018-2019-idUSKBN1KF0A2?il=0)