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esteban
Jan 31, 2016 8:40 AM

PSEi bounces back up Short

PH/PSEIQUANDL

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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.
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