PSEi - looking for support
PSEi = 3540.61 (-2.9%)
PSEi formed a black candle with lower high and lower low to close below the 130MA.
PSEi broke what seemed to be a demand line.
PSEi likely to be looking for a level of support.
PSEi seems to be trying to bounce of the 38.2% Fibonacci retracement. Healthy retracement if PSEi does bounce of this level.
Support: 65MA, 3506 (38.2% Fibonacci retracement)
Resistance: 3600, 3701
Good luck to all traders...
PSEi formed a black candle with lower high and lower low to close below the 130MA.
PSEi broke what seemed to be a demand line.
PSEi likely to be looking for a level of support.
PSEi seems to be trying to bounce of the 38.2% Fibonacci retracement. Healthy retracement if PSEi does bounce of this level.
Support: 65MA, 3506 (38.2% Fibonacci retracement)
Resistance: 3600, 3701
Good luck to all traders...
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