PSEi (Chart: Daily Resistance: 2894 Support: 2693/2352)
The index continued to move downward to sideways. The last trading day was accompanied with large value turnover, but the action was downwards. So expect that by next week, selling may still continue. Looking as well with the RSI, which now is in the 50 level, upward movement may happen anytime soon. Probably towards the end of next week, we’ll see some upward movement.
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Saturday, August 22, 2009
StockWatch (Aug 24-28, 2009): PSEi
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