Disclaimer: This is my personal stock chart diary and doesn't suggest any trading tips. Due diligence is a must.

My personal trading mantra: Keep It Simple Stupid

Sunday, December 31, 2017

2017 Stock Sectors Recap

FINANCIAL

  • Bulls are dominating this sector as it continues to move upward.
  • Buy on dips.
INDUSTRIAL
  • After its downtrend move in mid-2016, this sector is currently moving sideways.
  • Could it be the smartmoney in accumulating mode?
HOLDING 
  • Major trend is still bullish, currently pausing for a bit before continuing to move upward.
  • May probably continue to move sideways if it fails to break the resistance area.
PROPERTY
  • Also still in uptrend movement.
SERVICES
  • After its uptrend movement, it went sideways and broke the immediate support at 1,650.
  • 50MA crosses below the 200MA signifying bearishness.
  • Lookout closely at the fib levels for the next support zone.
MINING AND OIL
  • The only sector that is in downtrend.
  • If support will hold, it may continue to move sideways.
So, which sector are you going to invest in 2018?

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