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.


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