Archive for May, 2011
The Philippine Stock Exchange Index (PSEi) looked bad as it was falling back to 4170 but it has been able to keep things as they were by closing the week at 4274. Last week, we saw that the index was triangulating and it was possible for it to move higher. But that wasn’t the case [...]
For the whole month of May, the Philippine Stock Exchange Index (PSEi) has been consolidating in a symmetrical triangle and it looks like this is not yet over.
What we’re expecting is that the index would just be pausing in the recent uptrend experienced in March and it would continue the trend a little later on. [...]
The Philippine Stock Exchange Index (PSEi) had performed as expected after hitting the support of the upward channel last week. We expected that this support would now hold and that the index would move higher from that area.
Due to the past quarter’s performance, the moving averages have already set themselves up in the bullish order. [...]
Are the bears about to take control of the shares of SM Prime Holdings, Inc. (SMPH)? I am confronted with this question now because it appears that SMPH is indeed primed (no pun intended) for a major correction in the near term.
In my opinion, there is a good [...]
The Philippine Stock Exchange Index (PSEi) had a meltdown of sorts in the last few trading days and even tested the support of the upward channel before bouncing off that area to close at 4219 for the week.
It was only very recently that the moving averages corrected to reflect the bullish trend in the index [...]