PSEi - continues rally/uptrend

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PSEi = 3667.64 (1.50%)

PSEi again formed another gap up white candle now with shaven top and shaven bottom and volume steadily increasing. Might be bullish.

PSEi also hit Parabolic SAR to signify uptrend and fast line of MACD has crossed above the slow line to confirm bullishness, although MACD still below the zero line.

PSEi moved above the 65MA and is now above all three of the monitored MAs. The firing order of the MAs are not desirable though, where the current price action closed above the 65MA, which is above the 32MA, which is above the 130MA.

PSEi seems poised to test the aggressive supply line.

Can PSEi move above the aggressive supply line?

Good luck to all traders!


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