PSEi (Chart: Daily Resistance: 4250/4300 Support: 4050)
Looks like the 65 day MA acted as support for the index, as it was able to bounce from the downward movement.
Trading last Friday created a white candle accompanied with large value turnover. We may be seeing an A-B-C corrective Elliott Wave in the making and as of current we may be in the start of the B wave. The B wave may reach up to 4250-4300 before continuing with the corrective C wave downward.
For next week, the upward movement may continue, but exercise caution as the downward corrective C wave may happen towards the end of next week.
ORE Chart: Weekly
ORE (Chart: Daily Resistance: 5.0 Support: 3.60)ORE brokeout from the upward channel with a target price of 5.0, but aside from that breakout, there is also another breakout visible only from the weekly chart, which is a rounding bottom breakout with a target price of probably near 7.0
ANI (Chart: Daily Resistance: 15/18 Support: 12.70)The bounce that I was expecting did not happen for this week. However, based on the trading last Friday, a white candle was formed with a very large volume, so this maybe the start of the bounce that I was expecting as the RSI has long been on the oversold level.
ANI has a possible double bottom formation, so be on the watch for a breakout near the resistance of 18.00
ACR (Chart: Daily Resistance: 1.62 Support: 1.50)ACR brokeout from a rounding bottom last Thursday. The target price for the breakout is near 2.40
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