Monday, May 3, 2010

PSEi Outlook of the Week


via StockCharts.com

The PSE index is currently moving sideways to up and must break its major resistance at 3,322. My major concern right now is that its overall momentum and trend strength is getting weaker. If this continues, we may be able to see our PSEi correct in the near term. Support line can be found at 3248.  

Currently I am more inclined to buying stocks in either the Holdings or Industrial Sectors.

Stock Watchlist for the week:
1. AEV
2. DMC
3. JGS
4. AP
5. URC
6. FPH
7. PIP
8. PCOR
9. EEI

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