PSEi (Chart: Daily Resistance: 3912/3935/4034 Support: 3653)
The index moved higher for last week, however, it was a little bit disturbing as value turn over was very thin while going up. Thin value turnover means we do not have much player in the market. What is keeping players at bay is something I do not know, but if this kind of value turnover continues, I am sure that the index won’t be able to move beyond the support-turned-resistance line from Feb 2010.
For the coming week exercise caution as there is higher possibility that the index would move lower
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