Figure 1: PSE Index Chart
Our market is looking good right now. The market closes last Friday on a bullish "Tweezer Bottom" candlestick pattern. It is located exactly at its support area (green line). The support can be validated by the RSI indicator which was able to find also its support around 46.10. Lastly the market is at oversold level.
I am expecting a market rally this week with an immediate target of around 3962 or the upper channel resistance. If the market can break those resistance, then we will be heading to the possible start of another bull market run.
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