It's still a Wait and See game.
Philippine Market (PSE Index) - Cautiously Buy
The Philippine Stock Exchange Index hasn't still escaped the downward channel. Most likely it will this week; however, it might still remain flat given a lot of resistances. I started buying the index after the 2nd cross from below the oversold line. It now has crossed the 3rd time, makes me think if this is a good bottom indicator. No stock that catches my eye though.
The Central Bank of the Philippines (BSP) decided to hold its key rates steady amid global uncertainty. They still plan to cut rates by 50 bps this year.
Cryptocurrency (BNB, HIVE)
I might be looking into selling my BNB position, just waiting for additional signals as the MACD is nearing a centerline cross for at least one more pump up.
Hive is conveniently resting at its 200-Day Moving Average. I would accumulate more at this point.
This is not financial advise. I use this as my trading journal/notes for ongoing reference for the succeeding week. The above technical analysis (charts) are just used for guidance while studying market behavior and trying my hand on market timing. Please Do Your Own Research (DYOR).
Charts from Investagrams
AI generated image via DALL-E