Figure 1: PSE Index chart
The index exceptionally performed very well this week. It has continued to move upward on increasing momentum. As long as its momentum continue to accelerate upward then we can expect the index to continue moving up for the coming week. But take note, it has now entered overbought condition on both of our indicators therefore increasing the probability of a market consolidate/correction to ease out this short term overbought condition. Overall market direction is still sideways to up. God best our trades.
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