Archive for July, 2011
The Philippine Stock Exchange Index (PSEi) has proven to be resilient as it came near our expected support area of 4464 before moving up higher to end the week at 4503. A lot of people are getting concerned that the debt ceiling problem in the US would spill over all the global markets including us. [...]
The Philippine Stock Exchange Index (PSEi) continues to make a lot of people smile as it has been making a new all-time high when it hit 4515. It has corrected a bit from that level.
The moving averages and the MACD both continue to confirm the bullish sentiment in the market as both have been trending [...]
The Philippine Stock Exchange Index (PSEi) gave us a bit of a scare when the week started as it neared the support of 4328 and it bounced from that point to rise to its new all time high of 4458.
The moving averages are already set up in the bullish order so it would confirm that [...]
The Philippine Stock Exchange Index (PSEi) gave us a good show last week as we were able to reach new all time highs. Traders were very bullish with our index that as early as last week, many already knew we were at the start of another bull run when the index broke the resistance of [...]
The Philippine Stock Exchange Index (PSEi) has broken the resistance of the cup & handle that we were monitoring at 4328 by ending the week at 4351.
If we notice how the index has fared together with the moving averages, the past 6 trading days has shown us that the 50-day moving average has held up [...]