After two (2) consecutive years of double digit decline from 2015 (-13.61%) & 2016 (-8.66%), the PSEI have finally came around with a 19.09% gain over a three year period. With a YTD return since January 2017 at 25.11% ending the year 2017 at the 8558.42.
MegaTrade101' market and price call since August 29, 2017 as described in the chart figure & date the target objective then at the time of writing our projection was still at 7956 level. With a previous high at the 8136 , 8118 and a daily high marked at 8036. The closing for the year at 8558.42 is now VALIDATED as of December 29, 2017 being the last trading day for the PSEI 2017 which was eventually met with some profit taking / Liquidation on a pullback after marking a new high at 8640 levels.
PSEI Market & Price Projection as of Aug 29, 2017
PSEI Trading End Result as of Dec 29, 2017
Comparing with the PSEI last trading day Dec 29, 2017 - Closing price for the year 2017 is at 8558.42.
On the Tech Angle: Take note of the two consolidation period and the Bullish Gartley pattern before the rally towards the end of the 4th quarter and end of the year trading.
Declassified Excerpt from PSEI Performance Sequence Analysis & Projection
#investing #trading #strategy - For the Right Reasons
#investing #trading #strategy - For the Right Reasons
Update: 01.02.
ReplyDeleteiShares MSCI Philippines ETF (EPHE)
NYSE Arca - Nasdaq Real Time Price. Currency in USD
#EPHE 38.950+0.130 (+0.335%)
HIGH 39.06 LOW 38.92
As of January 2 11:04AM EST. Market open.