PSEi Chart Update and Technical Analysis

Philippines Stock Exchange PSEi Index

PSEi kissed today the based of the resistance zone around 7720~7780 and hit the projected target price of the recent Rectangle Consolidation pattern breakout at 7680.

Another breakout from a Bull Flag pattern continues to unfold with a projected target price around 8300.

*Gap between 7456~7476 is a potential area to be filled in the future which may also act as immediate support.
*Major support around 7400 (7100~7400 zone).



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