PSEi UPDATE: MARKET BREAKDOWN | Marvin Germo

PSEi UPDATE: MARKET BREAKDOWN

By: Marvin Germo | March 22, 2018

The breakdown and the selling continues

The markets have reversed into a stronger bearish sentiment after breaking the long term MA and the support at 8,100. While the market was dropping volume remained to be strong and consistent. This means that a lot of people are going out and wanting to go out the soonest time possible.

With that, how low can the market go?

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.

The downtrend continues

Breaking down to 7,700

The market needs to go above 8,100 again for buyers to have a chance to protect the support range. If it does not, this opens up the PSEi to a larger degree of potential downside as the market may further correct to the next support at 7,700.

The best way to trade the markets with conviction is to use technical analysis

I really believe without technical analysis, everything else is just guessing and speculation.

New book and other books on Investing, Business and Finance.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
Stock Smarts Book