PSE Weekly Technical Analysis For December 27-31, 2021

The $PSEI goes in another listless week that doesn’t give us a clear indication of its next move. It just went sideways to end the week at 7181.86.

Photo Insert: The Philippine Stock Exchange (PSE) Index Technical Analysis, December 27-31, 2021

The index is caught in between the 50-day & 100-day moving averages once again, at 7238 and 7026, respectively. Expect some range trading for the moment.

The MACD lines are also going sideways as both lines are slightly below the zero line. As mentioned, there is no clear indication of its next direction.

We don’t expect too much activity in the last week of the year but we do expect some window dressing to happen on or before the last day of trading. It may be a chance to sell but it may also be short-lived. We hope to see better trading in the new year.

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