PSEi (Chart: Daily Resistance: 2894 Support: 2686, 2626, 2352)
The index is now on its way down temporarily. Support levels are the following, 2686 (the 38.2% fib retracement), 2626 (previous high), and 2352 (previous low).
Since the index has been moving bullishly lately, expect a slowing of the downward movement, or support when the RSI gets near the 50 RSI level. For now, sell to preserve your profits.
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Sunday, August 09, 2009
StockWatch (Aug 10-14, 2009): PSEi
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