Hey friends,
Here is your February Newsletter!!!
As we all know that the Srilankan Stock Market Index (ASPI) was down nearly 20%.
Is this a market crash? Based on many investors opinion 40% down is considered as real market crash. Below that commonly it will be a correction.
So now, are we heading to the crash stage or in the end of correction? Honestly I don’t know (Really No one don’t know). But all I Know and based on the world markets research we can calculate the probabilities of the market outcomes.
So in this newsletter we are going to cover that topic. So if you into this. Keep reading!!
Before analyzing our ASPI index. Let’s have a look on NASDAQ for little reference.
So its shows that the NASDAQ shows a strong hammer for reversal this correction/crash. So we can expect a reversal which going to end this bear market.
Let’s now have a look on the ASPI chart.
As we said earlier in our Instagram story we have a strong support in this area. As now we can see the buyer’s entry there. This is a positive sign for the upcoming market.
Now let’s discuss the outcome part. There are always two possibilities in any trade movement.
First let’s see the positive side. If this support hold its power to the upcoming days. Then the market movement will be look like this.
It will be good sign for investors who worried about this correction.
As we all know incase if the support can’t handle the market pressure to push up. Then there will be a slight chance of crash. (In 2008 crash we fall nearly 50% in ASPI) Then the market movement will be look like this.
It will be bad sign for investors who worried about this correction. Either we may break this level an fall for strong crash or we can expect a consolidation for a significant period of time.
This analysis is the outcome of our Growclub team’s research. We may end up in right or wrong. All we wanted to mention in this newsletter is our thoughts in this market.
As we always say “Hope for the good, prepare for the worst”.
If you Don’t know how to invest into Srilankan stock market I highly recommend to read this article and then watch the explainer video given in the end of the article to get a clear idea on what to do and how to get started.
So for this month here is some tips I want to give you three immediate goals for improving your proper investor skills.
- Find extra money
- Know where your investments are going
- Invest in yourself first
This can initiate the first step to improve your investing habits little by little every month. As you know we will be publishing newsletter every month, so stick with us for more updates and guidance. We will grow together this year along.
It’s our honor to have you on Growclub community. We nearly published four articles this month. So we wanted to inform you this through our February newsletter. In case if you missed any articles we recommend to check them.
For now check this important Video!!!
Top important Video!!!