PSEi Outlook for Apr. 18 – 20, 2011

Posted by Bonner Dytoc
Friday, April 15, 2011 16:18

The Philippine Stock Exchange Index (PSEi) has corrected a bit last week before ending the week strong with selective buying of different issues.

The moving averages may still be adjusting itself to show a more bullish setup, but the 50-day moving average has already started curving upward and chase the 100MA to confirm the bullishness in the market.  The MACD is also showing bullishness as the two lines are still accelerating upward to show us continued upward momentum in the market.

If you are still liquid with this market, the time for bargain hunting is here.  If you already have certain positions, you may then hold your stocks as many issues seem poised to follow the general trend of the market.

Recommendation: Buy
Support: 4145

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