Support: 6928.90 / 6740.30
Resistance: 7000



The PSEi broke down from the psychological support of 7000.00 to close at 6977.16.

We expect the index to test 6928.90 and 6740.30 support zones for as long it stays below the trendline in the short term

Recommendation

If you are planning to buy index stock positions, we recommend staying defensive and wait for the index to stabilize first due to its inability to stay above 7000.00.

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