Sunday, May 23, 2010

PSE Index Outlook of the Week

Figure 1. PSE Index Chart

Our current PSE is presently neutral in the short term and bullish in mid to long term view. It is presently moving sideways to up. Overall trend strength is weak. I'm expecting the current support line of our index located around 3130 to 3150 to hold, for reason that we are also near oversold area. Major resistances are located around 3250 and 3325.

Stock Watchlist for the Week: AEV, JGS, DMC, AP, URC, EEI, FPH, MBT, HLCM, GSMI

1 comment:

  1. where are the charts for the stockwatch list?

    ReplyDelete