Figure 1: PSE Index Chart
The index was able to exceptionally performed very well last week and it was also able to finally negate the bearish divergence that we had seen. Momentum has somewhat accelerated upward also. For the coming week I am expecting the index to consolidate for a while as it enters short term overbought area. Presently it is also forming a bearish AB=CD pattern near a trendline resistance. God bless our trades.
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