EPHE trade ideas
LONG EPHENot sure if done grinding lower. But cup and handle it maybe. Philippines has great Funde-mentals going forward
HEFE aka EPHE Philippines Fund under the custody of Black Rockit is what it is.. in a greater bull run... high means higher
$EPHE perfect ABCsThe Philippines Stock Market ETF seems to move in perfect triple waves in a flat top and bottom range. It has just finished the B wave, so I have bought at market, 34.70, with a target of 40.00, the previous high, the same distance as A (7.40) and a round number as well. Stop at 33 to make the RR work, although cautious people would lower size or even entry and stop at 32.
It's an EM market, and the ETF is effectively currency hedged.
Philippines (EPHE)Philippines GDP is forecasted to grow at 4.8% per annum going forward, however using any type of data from there economy to asses risk in there stock market is tricky to say the least...
EPHE Symmetrical TriangleEPHE may be forming a Symmetrical Triangle and my found support at 31.85 or 50% Fibonacci retracement level in confluence with the Lower trend Line Support of the triangle.
Ishares MSCI Philippines (EPHE) Bullish ABCD - March 22, 2018Ishares MSCI Philippines (EPHE) Bullish ABCD - March 22, 2018
EPHE completed a Bullish ABCD HArmonic Pattern.
Resistance levels are 34.81, 35.49 and 36.39. Support levels are at 34 and 33.
Recommendation: Buy
EPHE Symmetrical triangle breakout$EPHE iShares MSCI Philippines broke out from a Symmetrical Triangle Pattern and may be forming a Potential Bearish Butterfly Harmonic Pattern that aims to be completed at 47.
Buy at current prices to trade the breakout but expect a return move.
Resistance levels are at 40, 43, and 47.
Support levels are at 37 and 36.
Philippines ETF Daily Update (18/8/17) *Shh..Bear Philippines ETF is going all over.
It is definitely early to say but I can't help but see signs of wear.
Bears may be taking over soon. Once they become obvious, it will be late by then.
I am cautiously Bearish.
Trade Safe,
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.
LONG EPHE - Bullish Indication at the 61.8% Fibo I believe that buying at 34.80 is a good risk reward even as it risks going near 34.00 We see a trading range possibility where risk is a definitive break of 34 but a reward of 40 to 42 meriting a buy at this point. More so, analyzing the PSEI shows that Oct 13, 2016 when index hit 7300 versus Nov 3 2016 when index went 7100 shows a bullish divergence using BB%B. Note too that as PSEI went new low, many sectors failed to make new lows. In fact we had a higher reading for prop sector. We also didn't see a new low in USDPHP despite index having a net foreign selling of 2B today. This coincides with the bullish divergences seen from Jan 11,2016 versus Jan 21 2016.
BUY EPHE.
www.bookaka.com
EPHE Potentail Bearish Shark$EPHE iShares MSCI Philippines ETF is forming a Potential Bearish Shark Harmonic Pattern that aims to be completed at 41.71.
EPHE Short on Recent Counter Trend RallyPhilippine Index has double top, a bearish divergence using the EPHE/USDPHP spread showing this rally is weak in nature and must be shorted.
Target zones are the 1.00 (full retracement to 29.69) or a newer low at 24.00
Risk reward is skewed to the shorts.
EPHE is still a short on this countertrend rally. We note that 2015's peak of 8100 has been shown by the bearish divergence based on the index price versus dollars.
Since topping during May 2013, the Philippine index has already been in a bear market. It's currently staging a relief rally which will be capped at the 0.75 level thereabouts.
This spread chart is only an illustration to short EPHE and be bearish the Philippine markets from a longer term perspective
Phillipine mkt has potential to break out to test all time highsLining up pretty nicely for a continuation of a long term bullish trend.
wait for a break with authority for confirmation.
