News / Philippine Stock Market

Happy new year to all our readers! By Bonner Dytoc January 01, 2008

Since this is the start of the new year, let's get right down to the matter at hand.  Our PSEi, is still continuing its motions of consolidation inside a channel.  Unless it shows any kind of strength to break out of this channel, we could be in for more of the same thing from the last few months.

We would need to break 3720 convincingly to declare a continuation of our uptrend.  Otherwise, it'll be a long wait before anything significant happens.