Figure 1: PSE Index Chart
Just like what we've been expecting, our index corrected last week. Right now I am expecting our market to start stabilizing for we are at the initial support line (3465) already with our indicator also nearing the oversold area. I am going to start buying or positioning myself to some stocks who have shown potential to reverse and who are at the oversold area of my indicator. If the support at 3465 won't hold next major support line will be at around 3432.
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