Momentum oscillators for the Philippines Stock Exchange (PSEI) are bullish.
The daily PSEI chart courtesy of Trading View illustrates three momentum indicators.
Daily Stochastic has a bullish lines crossover and is still in the neutral zone, this implies more near-term upside action.
Daily RSI has crossed above its moving average line and is also still in the neutral zone.
Daily MACD is rising yet still does not have a bullish lines crossover. If the PSEI rises on 03/08/23 there could be a bullish lines crossover. If this were to occur it could be a very significant bullish signal for the PSEI and other national stock indices.
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