PSE Market is now one step away from falling into a deep cliff. the 4130-4160 support act as the very little steps away from dropping into the 3900-4000 level.
If Global market continues to selloff, I would not be shocked if PSE drops down, as many of our stocks, MER,JFC,ICT has been into SELL rating by various firms due to high P/E ratio.
Still no momentum gains from PSE, but anyone can dare to range trade this, we might not know, maybe 4130 is the strongest support already and we are set off for a 4330 rally again. THEN, if it falls below, CUTLOSS/HOLD and accumulate near 3900-4000 level.
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