PSEi: What Next?

[ronacoba]

Philippine Stock Exchange Composite Index (PSEi) Clings To The 200-Day Moving Average

Let’s take a look at the chart of the Philippine Stock Exchange Composite Index (PSEi) once again. Based on my technical analysis the last time (kindly check this), I mentioned that there was a falling wedge pattern forming within the 2-year ascending channel...

http://www.laidtrades.com/2011/02/13/philippine-stock-exchange-composite-index-psei-clings-to-the-200-day-moving-average/

[ronacoba]

PSEi – More Bad Days To Come??

The past 3 months weren’t particularly well for the Philippine Stock Exchange Composite Index despite all the positive hype that the Philippine economy has been getting as of late. The PCOMP or PSEi, being a leading barometer of the Philippine economy, has been telling a different story...

http://www.laidtrades.com/2011/02/27/ps ... ei-phisix/

[ronacoba]

PSEi: Crucial Resistances Ahead

Troubles in the international market, particularly in the Middle East and Japan, have been weighing heavily on the Philippine equities market. Hence, you might ask when is it best to jump back in especially at these times of uncertainties...

http://www.laidtrades.com/2011/03/29/psei-crucial-resistances-ahead/

[ronacoba]

PSEi Bulls Are Back!

After hitting a snag for several months now, it appears that the Philippine Stock Exchange Composite Index (PCOMP) or the PSEi has found its winning shape again. Presently, things looks more upbeat now, at least from the technical point of view, for the Philippine economy as it is represented by the local equities index...

http://www.laidtrades.com/2011/03/30/ps ... -are-back/

[tarantrader]

http://www.absolutetraders.com/newslett ... its-shell/

[yeahbah]

oh no...

If we are to base the downside target of the H&S then the target has already been reached. The best move right now is cash.

psei.png (185.07 KiB) Viewed 360 times

[graz]

for the long term using ab=cd pattern, p6 will go down as low as 2,298? Ouch!

[yeahbah]

I'm not sure it will but it could. There are fibonacci levels that need to be broken for it to go down that low. From your chart, the price already has broken down below the B point which is the immediate target of the AB=CD pattern. We then observe the price action between CD and look for possible reversal points. I'm hopeful that PSEi will not go down as low as your target