Philippine Stocks Exchange Index (PSEi) - November 29, 2016

The Philippine Stocks Exchange Index (PSEi) failed to break the 61.8% retracement level resistance (@6861). We might see the PSEi at  6200 to 6300 level for completion of the Bearish Bat and to fill the gap. If the Bullish Bat will not be respected the Index might go down to 5800 level for the completion of a Bullish Alt Bat.