News / Philippine Stock Market
AC, one of the heavier index issues, is just moving sideways for now. However, something bearish is happening here in case we haven’t noticed yet. Although AC is generally still bullish, it seems that a change in the trend is coming. Just look at how prices are behaving against the MACD. Recently, AC made higher highs while MACD made lower highs. I may be jumping the gun but AC may form a reversal pattern soon. Word to the wise, take your profits for the moment. 
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