PSEi through the trend lines

– 20 Days SMA Line has been resisted yesterday
– 5 Days SMA Line has been breached today
– 5,843 initial support has been breached today
– next support is 5,784 and there is a strong possibilities that this line may breach as well on the next trading day
– if 5,709 will not hold, then this may touch the lower channel which is on 5,614 level
– will the PSEi retest 52wk low? my answer is “yes”

caveat!!!

 

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