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PRICE AND TURNOVER
Close: 3,129.99
Change: +17.14 (+0.55%)
Value: 2,691,937,000

MARKET BREADTH
Net adv/dec issues: +31
Net up/down volume: +280,418,010
Net foreign buying: +158,019,033

TECHNICALS
Major term range pattern, intermediate and short term downtrend.
Double top pattern visible in the major time frame using the weekly chart.
Immediate Support: 3,000 Resistance: 3,300
Core Support: 3,000 Resistance: 3,800

OUTLOOK
Buying interest resumes today. The index closes slightly higher and on an uptick. The PSEi is on its third day of an upswing. It continues to move under the intermediate and short term trendline but is still above the prior reaction low. The important levels to look out for are still the trendline resistance and historical support. Only a break outside of those levels would be considered technically significant. The double top pattern in the major sideways trend remains ominous.  Read more... (141 words, 10 images, estimated 34 secs reading time)