PSEi (Chart: Daily Resistance: 1900 Support: 1850)
Again, nothing much happened for the index last week. The index just moved sideways, still hovering near the 65 day MA. Expect further sideways to downward movement next week. Observe the volume. Volume was relatively large last Friday when the index closed lower, which is not a very good indication. If the index would still close lower on Monday with even larger volume, then were in for another round of sell down.
MBT (Chart: Daily Resistance: 23 Support: 20.25)MBT brokedown from a symmetrical triangle. Sell down last Friday had a very large volume. For now stay away from this stock. RSI and Stochastics are pointing to a correction by next week and possibly a retest of resistance at 23.00. For those who still has this stock, the retest will be a chance for you to sell your position.
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