PSEi broke down the anticipated short term uptrend line at 5968.
PSEi should find support near 5700-5800 the 4th time around. Worst case
in the medium term is what if it does not hold the 4th time around.
Worst case bullish scenario at 5500.
The selloff in US caused
an important breakdown scenario that caused short sellers to sell more
and bullish people to cutloss. Will shortly upload analysis on how deep
we could be facing at best and worst case scenarios.
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