PSEi broke from its resistance of 6517.26 and it should transition to sideways between 6400 and 6745.72 in the near term.

Recommendation

If you are buying index stocks, it would be ideal to buy on dips near the support level of 6517.26 and 6400 with a potential target of 6745.72 and 6941.20. Stop loss should be below 6000.

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