Figure 1: PSE Index Chart
PSE is bullish from short to long term view. Overall trend strength is still very weak. What concerns me right now is that it is already at overbought area and is located at a major resistance. This is an indication that we may be able to experience some market correction or consolidation by this week.
Stock Weekly Watchlist:
AEV, JGS, DMC, AP, URC, EEI, FPH, PCOR, PIP, MBT, BDO, CHIB, UBP, PNB
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