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Movements might stay range-bound for now, possibly with a plus-side boost, as fund managers position in key large-caps.

Gauges might be poised for slight technical breathers, given its ascent the previous sessions.

The PSEi rose 3.5% w/w, closing at 6,348.14 (+213.1 pts).

Another positive tone is in store for equities, as investors may take their cue from Wall Street’s Friday incline.

The index edged up +0.45% higher after a short retest in resistance levels staying above moving averages, signaling sustained bullish sentiment.

Movements might be in a narrow range for now, as those likely to position check for supply presence on intra-day strength.

The PSEi rose 0.19% w/w, closing at 6,052.92 (+11.70 pts), and is forming a reverse head and shoulders pattern, which is a bullish reversal signal.

Friday’s trades would likely be range-bound, with several fund managers on their New Year break.

The index attempted to break 6100 levels, but profit-taking emerged.

Participants may check for renewed buying, as some might take their cue from Wall Street’s ascent on favorable inflation and labor market gauges.