PSEi DAILY CHART with WEEKLY CHART IN INNER WINDOW
Shown in the inner window is the PSEi weekly chart with two opposing signals. One, an already broken support of the 5 year uptrendline. The second one is an impending upwards crossover in the MACD, which should generate a buy if this happens. But that is only a pre-emption. It is not valid unless proven in hindsight. But in the here and now, the signal of bearishness for the support broken is stronger since it has already happened. What would negate this 5 year uptrend breakdown is a clear break above 3100 (as of this time period, 3100 is the key resistance) with volume.
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