Figure 1: PSE Index Chart
For this coming week, if the market will not be able to break the major resistance early in the week then I will be expecting it to correct possibly near 3800 before retrying to break the major resistance around 3885 again. Right now I am more bias for a market correction to occur because our market as indicated by my indicator is already at the overbought level.One positive thing I can see on the market right now, is that it has continued to improve its upward momentum.
No comments:
Post a Comment