PSEi ( Chart: Daily Resistance: 5445/5460 Support: 5400/5353)
From the upward channel formed two weeks ago, the index has now broken the standing upward channel and has begun to move sideways. The sideways movement seems to be forming a symmetrical triangle or, if the current resistance at 5445 is broken and the next resistance at 5460 holds, then it would be a horizontal channel.
So for next week, range trading strategy is still recommended. Do watch out if the symmetrical triangle holds or if it materializes in to a horizontal channel and adjust your range/stops accordingly.
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