PSEi on its support. Will it reverse?

Our index has been moving downwards for the past few days. Although we still don’t see any reversal pattern from our candlesticks, the Kijun Sen line may stop our index from going further downward.

As of this time, our upward channel is still intact as signified by our Ichimoku elements. RSI or Relative Strength Index is still pointing down but if you notice this is the level where we have a bounce last September 30 of this year.

Caveat!

One Response to PSEi on its support. Will it reverse?

  1. […] last Nov 7 we were talking about the PSEi on its support and was waiting for a bounce but didn’t happen. The downward trend based on Ichimoku may […]

Leave a Reply