2 weeks ago and prior to the year end, it really was tempting to buy into the Philippine market given that the index is already at support levels.
I'm happy that I've entered into a PH fund and the latest candles shows a good bounce from support. The nearest target (resistance) would now be the 200 day Moving average (200MA).
MACD shows that there is still enough room to cross the zero line to signal another upward push up to resistance.
I am also happy to see that the stock which I invest monthly (i.e. Peso Cost Averaging) broke out. It exceeded multi-year highs and currently pushing the upper bollinger bands. Hopefully it stabilizes beyond the 40 regions where it were around 5 years ago.
I am about to end my vacation and will be back to work on Monday (Jan 6). Seems like things are looking great this 2025, hopefully another positive yearly return!
Possible Catalysts for PSE Index to Rise:
1.) Lowering of Interest Rates
There is still room for the Central bank to lower rates down to 4-5%. This would help spur the Philippine stock market and also lessen the burden of borrowers. Lower rates can lead money to be moved towards the stock market instead.
2.) Philippine Midterm Elections
Election season increases domestic consumption (higher spending). I just hope the nation votes for the right people (but that is another story).
