Archive for April, 2010
First the bad news. The PSEi continued the downtrend from last week due to the fallout from the Golman Sachs fiasco in the US. We reached a low of 3145, coming from a high of 3322. The good news is that we’ve rebounded from the recent low to close slightly higher at 3244. Better than [...]
One of the few stocks that has been grabbing my attention for the past week has been Oriental Peninsula Resources or ORE. It was last spotted creating a base around 1.50 to 1.62 before it started moving higher. It was able to close at the high of 1.90 as of this writing.
The pattern that ORE [...]
Last week’s ending for the PSEi didn’t look promising for the near term. In the last two trading days, we lost around 50 points total. Our latest problem is that the DJIA lost 125 points last Friday and chances are, the dip will spill over to our market.
Although the week ended higher as a whole, [...]
The PSEi continues to move higher despite the lack of leads in the market. That’s the good news. The bad news is that we seem to be just moving within a range.
At first glance, everything looks bullish after the index surpassed the level of 3133. The moving averages are in the right setup. The MACD [...]