Regina Capital Development Corporation

After a few small continuous uptrends, the PSEI has finally went back to 6,500 where prices managed to briefly consolidate.

After hitting its support, the PSEI has moved higher this past week where it went past MA 260 and now trying to take over 6,636 which is its next resistance.

After topping out at its SMA 260, the PSEi appears to be heading downwards but with indicators being a little bit better as compared to last month.

Today would be a critical day for bulls as we will be seeing if prices can hold these levels for a chance to continue on next week or will we see a massive drop

After a short breather, the index fell from 6700 to 6300 levels. The index has now started falling from its last MA support.

Will the bulls once again defend this area? The PSEI is now heading back towards its MA 100 support with MACD on a prolonged bearishness.

The PSEI is now heading back towards its MA 100 support with MACD on a prolonged bearishness.

The PSEI opened this month with bulls being able to defend 6,600 levels! This could mean that