PSEi (Chart: Daily Resistance: 3133 Support: 3016/2954)
The index was amazingly able to move beyond the 65 day MA, but seems to be having problems breaking the previous high at 3133. Based on the Stochastic Momentum Index, we might be heading downwards to sideways for next week. Next levels of support are 3016 (65 day MA), and 2954 (130 day MA).
ISM (Chart: Daily Resistance: 0.6 Support 0.5)ISM seems to be moving positively despite the possible weakening of the index. The last trading day for ISM saw a large spike in volume and a white candle. The MACD seems to be confirming a positive movement for this stock, we just don’t have an idea up to where this will take the price. Upcoming resistance is at 0.6 which is the 65 day MA, while previous high is at 0.0775.
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