PSEi - respecting the demand line

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PSEi = 3788.26 (0.4%)

PSEi formed a black candle with higher high and higher low. Bulls were winning at the open but the battle was won by the bears.

Note price action is respecting the aggressive demand line by closing above it. It might seem that the index is rallying to find a level of resistance by tracking the demand line.

Support: 3740, 32MA
Resistance: 3818 (recent high)

Good luck to all traders :)

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