Figure 1: PSE Index Chart
Last week our market was able to performed exceptionally well, for it was able to finally broke its downtrending channel. I am posting my immediate target of PSE around 4220. At the same time I will also be more cautious with our market for both my indicators below the chart is telling me that the market is at overbought level already. What keeps the market to continue moving upward is the very strong market momentum and the market psychology of the people who are in the market that we are finally in a bull market once again.
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