PSEI currently moving the upward slope

Last week PSEi closed at 6671 (0.75%) breaking from its previous resistance at 6648. Last few days, we saw a strong bullish signal via Kijun-sen/Price cross followed by Tenkan/Kijun cross which was confirmed on the following days based on the daily chart below. Currently, our index is moving at the center of the upward slope (white lines) and is heading to our next Fibonacci (127.2%) resistance at 6903. But before that, our index needs to break it's previous resistance 6829 last July 25, 2013. RSI is near overbought now and may retrace anytime. We hope that this newly found support at 6648 will hold.

In short,

1st resistance: 6829
2nd resistance: 6903

Newly found support: 6648
Next support: 6491-6447

Caveat.