Figure 1: PSE index chart
Last Friday's closing made our index formed a bearish divergence. Good thing is momentum has somewhat recovered as is now still accelerating upward. I am expecting our index to continue moving upward and negate that bearish divergence pattern within the week. For me our index still has some room to move up because it is still not overbought and is not also located near the upper line of its price channel. God bless to our trades.
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