Philippines Stock Exchange – Update – 03/07/23

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.


Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Advantage,, and Finance Magnates.

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