PSE WEEKLY TECHNICAL ANALYSIS FOR JAN. 25 - 29, 2021

The $PSE:PSEI weakened further this week as it ended at 7045.83, at one point coming close to going below 7000 again.

The index broke through the 50-day moving average at 7097 and this may just be the start of more days like this. The MACD lines continue to trend downward since November.

This past week was quite volatile as a lot of 3rd liners reached their ceiling but in a few days they also went to their floor, making this week very draining, both financially and emotionally.

We better lighten up unless you're caught unaware of the danger signs being given in the chart. - Bonner Dytoc

WEEKLY FEATURE : JOSE MARI CHAN AND THE CHRISTMAS ANTHEM