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Today, PX showed a green candle. Made a small position on PX today for my tsupit fund (TF). Let’s see if this is indeed a bounce and start of wave 3. Markets also awaiting confirmation on Gold breaching resistance. We’ll see tomorrow whether PX has finished its dip and is now ready to resume its uptrend. Fingers crossed.
Also made a test buy on PSE: SSI, again for my new tsupit fund (TF). Under the same premise that SSI is now ready to climb. After the long bullish candle to start Feb, SSI did not gain much ground in the succeeding trading days. But it seems to be forming a flag waiting for a break on the narrowing channel. Waiting for newcomers?
Today’s trade though showed some encouraging signs.
Did we make the right calls? Only time will tell.
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May all Pinoys have a richer life!