PSEI Early Boost Attracts #Volatility to the Upside

#PSEI opening levels above 8000 just gave the market a boost as the PH stock market have to generate its price recovery from a three day market squeeze that would navigate prices into positive territory.

As #Property +1.56%, #Mining /Oil +1.18% have taken the lead so far, trailed by #Industrial +0.97% & #Holdings +0.76% sector is well within its price band, as of this writing.

The early am session has proven to be a bit of surprise for other market participants , although the relative price rally has given impetus for traders a reason to drive risk-on contrary to the surrounding fundamentals that kept the PSEI below the 8000 mark as it drove selective stocks lower before this rally to give it ample room for this price recovery.

PSEI Early Boost Attracts #Volatility to the Upside. Taking advantage of a three day market squeeze have driven the market place into positive territory. A good signal against a depreciating #PHP although others would disagree as other stock prices are entering into a premium level.

Watch well as the PSEI opened with a considerable price gap in the early am session.

POST Market Update: #PSEI Price Pullback Wasted No Time After Brief Rally

Tuesday's am session wasted no time in filling the price gap on the PSEI retreating towards 7997 low. Now that a wider range have again been established the same old narrative pattern of trades and market behavior is expected to be ironic until such time that a convincing market follow-through is reflected with prices. It has been observed counting backwards that there were 11 down days with only 2 up days while Monday's move was a 'Posture Day Monday Trade' after a three day market squeeze due to market holiday schedule.

For now, retail side of the market would have to contend seeing prices trade well within the price gap with HOLDINGS current prices have engulfed / covered the traded price range from yesterday's initial up move. With a couple of exceptions such as #MPI and #AGI which back the day's trend. Notice that prices are well within its range defined by the shaded rectangular area as of 9.05.17 morning session.

Although, the LMR - Last Minute Rally on Intervention have managed to pullback prices as expectations of a continuing force would lead a probable come back. A whip-saw is indicative of volatility in the market coupled with short-term gains by professional managers.

NOTE: It would make more sense to 'COMPARTMENTALIZE' DATA ON PRICE ACTION and have a better read & understanding of the real market sentiments and direction.

As of closing price and candlestick long wick /tail down signaling a pullback on intervention prior to the market run-off. These are the types of market conditions that 'Retail Traders / Tactical Investors' would have to monitor real well. Where PRICE ACTION ANALYSIS MEETS CANDLESTICK ANALYSIS.