PSEi - oversold

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PSEi = 3168.3

RSI of PSEi = 27.86; most likely oversold; support of RSI at 18.71, the previous low of the RSI

PSEi still pushing the lower limit of the Bollinger Bands = bearish

PSEi trading below the 32,65 and 130 MA = bearish

32MA below the 65 and 130MA = bearish in the short term

Both slow and fast line of MACD below the zero line

PSEi needs to hit the Parabolic SAR at 3595.24 to signal reversal of current bearish sentiment.

Careful traders...



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