The PSEi managed to stay above its 100-day MA last week.
It is worth noting that the PSEi is forming a symmetrical triangle and with the PSEi nearing the apex of the triangle, the market could be in for a big move soon.
A break above 6,900 on strong volume could result to a retest of its recent highs around 7,400.
Trend followers can begin buying back once the market breaks above 6,900 on strong volume.
Lighten position should the PSEi break below 6,750/6,600.