Sunday, June 20, 2010

Stock Chart Analysis: PSE Index of the Week (June 20-26,2010)

Figure 1: PSE Index Chart

Our PSE index must break the major resistance at 3342 then the minor resistance at 3367 for this to be able to move up farther. It is currently near overbought and some slow down on its momentum upward can be seen.

Weekly Watchlist: JGS. AEV, DMC, AP, URC, EEI, PIP, PCOR, JFC, MBT, BDO, CHIB, PNB

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