Figure 1: PSE Index Chart
Our PSE index is been consolidating most of the time past two weeks. This can be shown by the below average volume that was traded and the slowdown on its momentum upward. Hopefully by this week I'm expecting some good market run up for some of the major companies will be starting to release their earnings report. Looking at our chart we are near the short term trendline support and our indicator is showing that the market is almost at the oversold area. Some market pullback is expected.
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