Figure 1. PSE Chart
Figure 2. Other technical Indicators.
Summary: The current PSE is bullish for short to long term range and the overall market is trending upward. But my major concern here is that the current momentum upward is slowing down and the overall trend strength is still weak. Therefore there is a big probability for the market to move sideways or even correct in the near term. Current major support line is at 2980 and major resistance line is at 3130.
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