Support: 6819.86 / 6612.62
Resistance: 6942.75 / 7000


The indicators are mostly bearish; the RSI is in the selling region with a bearish bias; the gap between the -DI and +DI widened anew. Only the MACD is in the neutral region.

The bearish signals will likely continue limiting the PSEi’s upward trajectory. It will likely test its 100-d MA support level of 6,819.86 in the coming week.

Recommendation

Buy when support holds.

LEAVE A REPLY

Please enter your comment!
Please enter your name here