Archive for June, 2011
The Philippine Stock Exchange Index (PSEi) bounced off recent lows which we thought were a break of our support and has now climbed higher to approach our resistance at 4328.
Our own market has shown some resiliency that we didn’t imitate what the Dow Jones Industrial Average was doing but rather we’re now marching to the [...]
The Philippine Stock Exchange Index (PSEi) is now struggling to keep itself afloat as it breached the support of 4170 twice. What was once viewed as a cup & handle is now starting to change as others have offered the idea that there could be a bearish triple top being formed for the short term.
The Philippine Stock Exchange Index (PSEi) has shown us that it is still consolidating. But earlier, we mentioned that it is in a trading range. We wanted to be sure before announcing it so now we can probably tell you that what we see aside from the trading range is that the index is forming [...]
The Philippine Stock Exchange Index (PSEi) confirms that we are still range trading as it has not yet sank below 4170 and it has not yet gone above 4328 as previously seen.
The 50-day moving average continues to support the index at 4225 as the index closes at 4297 for the week. At the same time, [...]