PSEi - gap down, long black candle

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PSEi = 3504.38 (-3.2%)

PSEi formed a gap down looong black candle. Volume increasing. Bearish.

PSEi now trading below 32MA, 65MA, and 130MA. Bearish.

PSEi has retraced more than 61.8% of the recent rally. Unhealthy retracement of the recent rally. Less likely for the rally/uptrend to continue.

RSI heading south.

MACD: Fast line about to cross below slow line... Both lines below zero line...

Careful traders...

Looks like an awful start for the year of trading the stock market...
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