Philippine PSE Index, is on a bull run (bullish sentiment) with impressive up-trending chart at the moment rally alongside the other global geographic location financial markets.
Base on TA (Technical Analysis)
PSE Index is poise to challenge psychological resistance level at 10,000 level currently trading at 8295.95 at 27 October closed.
Orange color lines refer to a price channel range where it touches all the peaks and troughs linking them up.
Upper black color line refers to a rectangle where price at trading at a range touches all the peaks and troughs linking them up. below black color lines refer to a classical support range at around 2500 to 3000 level.
Blue color line refers to a cup chart formation with V-shape recovery in price.
Green color line refers to a rounding bottom chart formation.
PSE Monthly Chart Analysis - 29 October 2017
PSE Monthly Chart Analysis w TA - 29 October 2017
Disclaimer: All news, information and charts shared is purely by my research and personal views only. This is not a trading recommendation or advice but on the basis of sharing information and educating the investment community. Different traders and investors adopt different trading strategies and risk management approach hence if in doubt please approach or seek clarifications with your Financial Adviser, Broker and Banker.
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