First Metro Securities

The market is trading above key moving averages (50-day, 100-day, and 200 -day) and is poised to revisit the next resistance level.

The PSEi surged by +2.81% w-o-w to end the week at 6,686.09.

The PSEi dropped by -2.10% w-o-w after failing to break above the 6,700 resistance.

The PSEi inched up by +0.20% w-o-w, hovering above the 6,600 support level as well as key moving averages (20-day, 50-day, 100-day, and 200-day).

The PSEi pulled back by -0.78% w-o-w after hovering near overbought conditions.

If the PSEi sustains its last week’s rally, it can retest next resistance levels at

The PSEi surged by +2.88% w-o-w, sustaining its rally the previous week. However, the volume remained tepid at P3.1bn.

The PSEi bounced back by +0.46% w-o-w, after hitting a year-to-date low the previous week.

If the PSEi recovers, it can retest previous support-turned-resistance at 6,200 to 6,400.

The PSEi dropped by -1.97% w-o-w to close at 6,142.90, breaking below the 6,200 support level.

The PSEi retreated by -0.97% w-o-w to close at 6,259.95 (-61.29pts).

The 6,400 level proved to be a strong support as the PSEi bounced back from the said level last week.

After the market failed to break above the 200-day MA, the market retested and briefly traded below