Regina Capital Development Corporation

Note, however, that yesterday’s candlestick looks bearish.

Again, the index is still flirting with the overbought region, so we can’t consider this a correction just yet.

At this point, it looks like the index is consolidating already. We can’t rule out a

The local bourse managed a feat that took us all by surprise this week! It broke out of the crucial, psychological 7k resistance and was actually

At this point, the only thing that we need to be wary about is

As expected, the local bourse pulled back after once again teasing the 6,800.00 resistance—which further

Indicators are still slightly bullish, but the buying pressure is losing daylight.

One thing that the index has going for itself is that the consolidation has managed to

The local bourse closed flat at 6,566.39 last week.

The local index snapped its three-day losing streak while, at the same time, managing to settle well above the 6,400 mark.