Bears in command. Kumo breakout may happen

It was last Monday when we spotted the bears on PSEi. PSEi is in a two-day losing streak and is at the mercy of it support. We have noted that while our index is moving up, Ichimoku elements is not giving us any bullish signal from any element. Now we might even have a bearish signal if index will close below the kumo tomorrow.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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