PSEi - big black candle



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PSEi = 3080.24 (-3.0%)

PSEi formed a big black candle with lower low and lower high. Volume increased.

PSEi respecting aggressive supply or resistance line and possibly looking for a support level. Support may be pegged at: 2980...

PSEi moved below the Parabolic SAR to signal reversal of previous trend... Bearish

PSEi pushing the lower limits of the Bollinger Bands... Bearish

PSEi might test lower limit of RSI at 30 and might test recent low of RSI at 21.65... Bearish...

Careful traders...
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