Finally, the PSEi is now on the verge of breaking out of its consolidation.

After over a year’s worth of going sideways, the index has finally shown (and what is perceived by many) as a possible inverted head & shoulders.  Should this be the case, the neckline is currently pegged at 2586, with an upside target of 3663.

The moving averages are now slowly getting into the right setup for a bullish move while the MACD has already set itself up to move higher once again.

Add to this, there are a lot of stocks that have shown major reversal patterns.  There are too many to mention in this space right now.

The time to buy is at hand. And remember guys, you read it here first!

Recommendation: Buy on breakout
Resistance: 2586