Figure 1. PSE Index Chart
Current market is looking better. Its not at the overbought area and bullish momentum is building up during the last three trading days. I'm hoping that the short term trendline support will hold and that the 3368 resistance be finally broken this week.
Weekly Watchlist: JGS, AEV, DMC, AP, EEI, PIP, JFC, PCOR, MBT, PNB, BDO, SECB, and CHIB
Weekly Watchlist: JGS, AEV, DMC, AP, EEI, PIP, JFC, PCOR, MBT, PNB, BDO, SECB, and CHIB
Were finally reaching the second half of our trading year. Its time for me to evaluate my new trading system performance for the first half of the year. I suggest traders should also do the same so that you can evaluate how well you are performing and so that you can make some changes if necessary to your system.
Trader's Academy System Performance:
Total Trades: 65
YTD Gain %: 127.33%
Avg. Daily Return: 1.08%
End of Year Projection: 264.37%
Win %: 60%
Bai, PSEi closed higher today but still hasn't broken resistance. One more chance tomorrow before the inaugural day break.
ReplyDeleteYes, I think its finally trying to break it. But for the mean time I think there is a possibility we will be able to see some market consolidation in the near term. I'm hoping that the trendline resistance at 3394 be finally broken so that we can expect a big bullish run else market will continue to move sideways along the channel.
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