We saw the index last week dropped at 6642.27. are we still on the bullish side of the market? in my opinion the 6500 support should hold. what happened last week was a correction but if this will last for 2months or more than 2 months, then we can say that our market enters the bear territory.

ill give my chart for your reference

What are we going to do? maybe some people might wanna ask this question. sell your shares like EW MBT BDO PNB BPI and some blues which are overbought before it is too late. when we say overbought, it means that the RSI reached 70 or above. you may look at your chart indicators and choose RSI so that you can see a clear picture of what i am saying.

OR

You should always check your stock's support. a trader should see if he or she will still hold his/her stock after reaching the overbought level of the RSI. This is very important to all investors. patience is not applicable here. if the price reached its maximum, then you should sell.



let me share this to you

"The game taught me the game."  -JL


what a beautiful quote from Jesse Livermore.


enjoy trading guys.
Good luck!