Figure 1: PSE Index Chart
Sorry guys, I was not able to update my blog for the past 2 weeks because I've been busy due to typhoon Yolanda. Anyway, as per latest update the RSI 60 proved to be a strong area of resistance. Right now the index is already at oversold area, increasing the possibility of a pullback/reversal soon. But I will still remain cautious until the very strong momentum downward will slow down.
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