Amidst bad news both locally and globally the market continues to extend its rally. The market just hit 8,000 again today and is up 23.6% since the bottom last December 2016. If you are not yet investing yet in the market I hope this encourages you to start. If you are already investing, I hope this pushes to learn more and build your own strategy. This video is an uploaded version of the FB live session that talks about the current status of the PSEi and where it could go next.
The goal of each video or blog post that I create is to help educate you and to make stock trading and investing fun so that each reaches more Filipinos around the world. I really would love to see more and more Filipinos investing and earning the right way. I hope you would use this video as a reference as you start plotting your own support and resistances and as you build your own strategy using technical charts.
Catch me in my live training events! (quick plug)
The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.
Stock Smarts Manila — June 10 – July 2, 2017
Stock Smarts UAE — July 6 – July 10, 2017
Stock Smarts Qatar — July 11 – July 16, 2017
Stock Smarts Iloilo — July 29 – July 30, 2017
Stock Smarts General Santos — August 25 – August 27, 2017
The PSEi has been pretty much bullish for the short to mid term but it still needs to breakout of 8,100 for it to have a shot to trend even higher. If not, it may just correct to 7,800 levels again where the short term support is and the market will just continue to move in accordance to the current sideways action of the market.
On an optimistic note, should the PSEi break out of 8,100 the short term to mid term target price would move from 8,500 – 8,700.