Wednesday, May 5, 2021

$PSEi - Supports


Support 1 - 6,251
Historical Support 1 - 6,194
38.2% Fibonacci - 6,136
Support 2 - 5,890
50% Fibonacci - 5,724
Historical support 2 - 5,678
Historical Support 3 - 5,396
61.8% Fibonacci - 5,323

How to trade these supports? Consider these supports if you plan to pick up any index stock. Or better check the chart of the specific stock you want to pick and study its supports. This is where patience is tested. There are only 30 stocks in PSEi. Choose the one that outperforms the others. Potential candidates include $AGI, $FGEN, $ICT, and $LTG.  

 

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