Sunday, July 18, 2010

PSE Index Chart Analysis for the Week (July 18 - 24, 2010)

Figure 1. PSE Index Chart

The expected sell signal for the PSE Index has been triggered already. I will be watching the major support line located at approx. 3367-3400 for my entry point in the market. My estimation is that the C leg of the AB=CD pattern that I mention in the previous post is trying to form another AB=CD leg before going up to point D at 3600 level.

Stock Watchlist: JGS, DMC, AEV, AP, URC, EEI, JFC, PNB, MBT

4 comments:

  1. hi, where can i look at the charts for your stock watchlist?

    ReplyDelete
  2. You can use Bloomberg to check the charts for my watchlist.

    http://investing.businessweek.com/research/company/overview/overview.asp

    Just enter the stock name under the Stock Quotes on the right side then click the GO bottom. The format for the stock quotes should be ":PM".

    ReplyDelete
  3. Opps.. The format should be: "[Name of stock here]:PM".

    ReplyDelete
  4. thanks, but i was refering to your own charts for your watchlist. the new charts you have at the top is what i was expecting.

    ReplyDelete