Figure 1: PSE Index Chart
I love the way our market is behaving right now. It was able to somewhat consolidate the way I am expecting it to do. For this coming week I am expecting the market to finally break the 4319 resistance and head up to reach the 4,400 level. My indicator is telling me that the market has lots of room to move up this week because it is now near oversold level. The RSI is also respecting its support line. As long as this support is not broken I am expecting the market to continue moving up.
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