Figure 1. PSE Chart
Figure 2. Other technical indicators
Summary:
Currently our PSE index is bullish from short to long term. It is moving upward with momentum that is also very strong. I am currently expecting a near term market consolidation as indicated by the RSI and Stochastic indicators at the overbought area. Overall upward trend is weak but nothing to be worried yet for it still intact as indicated by the MACD and the Fibonacci Fan lines.
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