DIARY OF STOCK MARKET Index ANALYSIS #5

Index
The rally of the index proved to be nothing more than just a technical rebound after the benchmark found a bottom at 6,719.

 

 

The rally of the Stock Market index proved to be nothing more than just a technical rebound after the benchmark found a bottom at 6,719. Then, it hit the ceiling towards 6,940.00 as you can see attached photo. This Friday, the benchmark is still hitting but failing to breach said resistance, down 83.40 points to 6,801.37 in the morning session. Fortunately, it seems the 6,719 is acting like interim support.

 

The index remains in a bearish region that selling pressure will persist and will likely bring the market closer to testing this support again. The best-case scenario here is that PSEi will simply traverse this new consolidation range as the selling volume and momentum dissipates. Worst case is that PSEi will test the price floor and it crumbles, prompting another sell down. Here the most and likely action here is a conservative course of action,  HOLD near-term.

 

Take note always the Psychological resistance at any point.

 

ALWAYS keep yourself updated for any subsequent events which can have a material effect on the company’s share price, good or bad. Act accordingly to your best of interest.

In times like these, staying informed and maintaining a cautious approach can be crucial. Monitoring psychological resistance levels and being prepared for potential market shifts are essential strategies for navigating uncertain market conditions. It’s also important to remain vigilant for any developments that could impact stock prices, making informed decisions based on the latest information available. By staying proactive and adaptable, investors can better position themselves to weather fluctuations in the market and seize opportunities as they arise.

 

Reminder:

Think of this. Behavioral Finance should always be part of one’s trading plan.

Stock selection should not be delimited to Technical Analysis or Fundamental Analysis alone.

It has to be always COMPLETE.

 

This review is still subject to your due diligence.

Always trade at your own risk and execute your strategy with due diligence.

 

Be prudent, limit your stock investment to the amount that you can only afford to lose ( yung makakatulog ka pag nag negative port mo)

 

The market will do what it is supposed to do regardless of different opinions.

 

Manage your risk and execute your strategy with diligence. The author accepts NO LIABILITY for any damages, losses or causes of any action arising from the use of this blog.

 

God bless your investment.

 

 

Disclaimer: Information on this site is for informational purposes only and should not be considered financial advice. We are not financial advisors, and our content should not be taken as professional recommendations. Consult a qualified financial advisor before making any decisions. We are not liable for any losses resulting from reliance on our content.

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