Figure 1: PSE Index Chart
Sorry guys, I was not able to update my blog over the weekend. I was busy on some family related activity. Anyway, for this week I am expecting the index to hit 5000. Personal short term TP is at 5042. Index also looks toppish and my 2nd indicator is also indicating that market is nearing overbought area. One thing that concerns me right now is that the index somewhat lacks strength when it comes to its upward momentum. Index is moving up while upward momentum somewhat remains flat. There is also a gap around the 4,800 which the index may revisit soon. God bless to our trades.
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