Support: 6788.86 / 6615.95
Resistance: 6900.00 / 7036.88
The local index jumped by +53.12 points or +0.78% to close yesterday’s trading session at 6,867.88. During the session, PSEi saw an intraday high of 6,917.92 and an intraday low of 6,827.31.
Bearishness on the local bourse, in terms of technical indicators, has shown to have slightly weakened — decreasing MACD histograms, and selling pressure declining.
Support can be seen to be at 6,788.86.
As the bulls have taken the wheel, they just might be able to push the local bourse above the 6,900 mark this week.