Figure 1: PSE Index Chart
Sorry guys, I was not able to update my blog last week because I was sick. Anyway, right now our index is encountering some major resistance at 4400 which needs to be broken. It is also short term overbought which increases the possibility of some correction/consolidation next week. Plus side is momentum is presently accelerating upward. If the market can keep this up then 4400 will finally be broken. Best to our trades.
Merry Christmas to all!
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