Figure 1: PSE Index Chart
Our index corrected last week around my estimated target of 4450. My expectation is for the market to continue correcting early in the week and do some sideways movement around the area 4367 to 4442 before resuming its upward move. A cluster of Fibonacci support and resistance can be found around those areas. In case the major support around 4367 won't hold the next support will be around 4321.
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