Last Minute Rally - LMR after INTERVENTION have allowed the #PSEI to close as a follow - through after drifting lower for the day. Closing at 8180. #EPHE Trade investors will enjoy extension of this LMR.
As of Closing Friday Sept 15, 2017
Another Friday LMR - a surprising yet ironic move by the PSEI closing at 8180 after INTERVENTION have allowed the last minute rally with the able assistance from 'Holdings, Industrial and Property Stocks' with the exception of course of #GTCAP closing at 1174 corrective move from an 1199 high. Retail traders and investors take caution with these movements, as it would not be the first time again nor the last. However, in spite of the move, its advantage is for those who have an #EPHE position trade in the US market shall in fact enjoy the price extension of a 'REINFORCED TREND direction that has been established 8 years in the making.
As expected PSEI retreats back at 8109 on profit-taking and naturally being on another Friday pay-day weekend on position trades made prior to the closing month of September. No real follow-though were actually expected since market participants would rather walk away over the weekend with uncertainty over North Korea's recent missile launches over Japan air space.
The LMR of the PSEI have given a serious boost for the market as the benchmark index surged towards 8294 levels signaling a decent follow through. A firm opening Monday and a stronger than expected second half session topping record highs not seen before.
ReplyDeleteHoldings and property sectors have had a good run that took trade positions into positive territory. While services stalled on the move while bullish sentiments were the main drivers in the market. Taking its cue mostly from regional stocks and from the US / European markets to say the least.
The 'decent' price surged to 8294 lost steam as 'Profit taking Liquidation came about as prices where too tempting not to cash in what has gained for three (3) consecutive days.
ReplyDeleteHowever, This defines that a 'Market Squeeze' is expected to occur where prices would trade well within the mid-lower band from which they came from. It would take time to identify such configuration. The rapid price action would now be 'Compartmentalize' into a new time-frame.