PSEi (Chart :Daily Resistance: 4125 Support: 4023/3900)
The index has continued to move sideways last week. We might be seeing the index move in between 3900 to 4125 before it once again move upward. Expect the sideways to downward action until probably when the RSI reaches near 50 to 60 level. For those going for long term, this is an opportunity to buy the dips, while for those whose objective is short term, this would be a time to lighten your load and take advantage of a possible ranging action by the index.
LCB (Chart :Daily Resistance: 0.75 Support: 0.6 /0.43)LC and LCB are stocks to avoid for next week. It is very evident on the chart that the recent run up would be short lived as an almost equal amount of volume is seen on the downward action last Friday. For those holding this stock, it would be best to sell while the price is still high.
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