Figure 1: PSE Price Chart
Our market is encountering some major resistance right now around the area 4200 to 4250. Last Fridays closing was a doji (a warning sign) and is located at a trendline resistance. The 20 and 50 moving averages are also acting as immediate resistance. Our indicator is telling us that we are just at the overbought area. RSI is telling us also of some major resistance. I am expecting some market consolidation/correction this week.
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