Figure 1. PSEi Chart
Summary:
Currently our PSE index is in correction/consolidation but the uptrend is still intact. Overall trend strength is somewhat getting stronger also. We can confirm the current correction/consolidation of the market by our RSI. A sell signal was triggered during the last trading day. If this correction will continue this week, our possible minor support line can be found near 3250. If this won't hold, the next possible major support line is near 3195.
Currently our PSE index is in correction/consolidation but the uptrend is still intact. Overall trend strength is somewhat getting stronger also. We can confirm the current correction/consolidation of the market by our RSI. A sell signal was triggered during the last trading day. If this correction will continue this week, our possible minor support line can be found near 3250. If this won't hold, the next possible major support line is near 3195.
This coming week I am more bias to the Holding, and Industrial Sectors. My watch list for the week includes the following stocks:
HOLDING: AEV, DMC, and JGS
INDUSTRIAL: URC, AP, EEI, and FPH
INDUSTRIAL: URC, AP, EEI, and FPH
(Take note: This is not a recommendation for a buy/sell but rather to look some opportunities to be able to either buy/sell those stocks)
I am expecting also some possible dividend play for URC, and RLC this coming week.
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