Philippines Stock Exchange Index (PSEi): 4 June 2014, Wednesday, 9.55pm Singapore Time
Major Distribution still in progress and ending.
Major Downtrend is to resume now.
There is also huge dumping by smart monies, big hands and market movers in the Philippines financial markets while the public are all buying and pouring in to the stocks and equities markets in the midst of positive sentiments. Rosy outlook facilitates selling by the smart monies while public are willing buyers.
What better time than now to unload.
As per warned previously, Philippines Markets are SELL-ON-REBOUNDS and not for buying-on-dips in 2014. Many investors will find themselves losing money in stocks across the board while the index seems pretty rosy. That is the key.
What better time than now to unload.
As per warned previously, Philippines Markets are SELL-ON-REBOUNDS and not for buying-on-dips in 2014. Many investors will find themselves losing money in stocks across the board while the index seems pretty rosy. That is the key.
Donovan Norfolk Ang Technical Rating:
Bearish
Long Term Downtrend
Long Term Downtrend
Short/Sell off
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