PSEi Outlook for Dec. 21 – 24, 2009
Posted by Bonner Dytoc
Monday, December 21, 2009 22:22
Monday, December 21, 2009 22:22
Posted in category PSEi Outlook, Philippine Stock Exchange
No Comments
More sideways movement for the index is coming for this Christmas week.
Not only are people’s minds on vacation mode at this point, but there are no leads for the market to pull itself to higher levels.
Although we are still bullish, we should note that the momentum for the PSEi is already decelerating. We should be careful with our holdings if this is the case. A correction could happen anytime.
With that said, I wish all of you a safe and merry Christmas!
Recommendation: Take profits
Support: 2954
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