PSEi (Chart: Daily Resistance: 4340 Support: 4180)
The index generally moved sideways with an upward bias last week, and as of last Friday, the upward movement stopped short of moving beyond the resistance line.
There is still no significant signal that can be seen from the index that would suggest that it would be able to break above the resistance line. As of current, there is higher possibility for the index to move sideways again with a downward bias by next week as it nears the resistance line. Expect further range trading next week between 4180 and 4340. I would still suggest keeping liquid for the moment until probably the index is able to move above the resistance line.
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