The yearly support at 6282.87 was strongly held last week. US equities also made a strong finish last Friday, which could potentially give a positive result on Philippine equities come Monday, probably up until the Chinese New Year.
I'm still bearish with the PSEi, though. The 50-day EMA is now being tested. Let's see if this resistance will be held.
I'm still bearish with the PSEi, though. The 50-day EMA is now being tested. Let's see if this resistance will be held.