Sunday, August 8, 2010

PSE Index Chart Analysis for the Week (August 8-14, 2010)

Figure 1: PSE Index Price Chart

This week I am expecting some market consolidation or correction as indicated by my indicator at the overbought area already then some Fibonacci resistance can be seen around 3522. We may be able to see the market to either move sideways or correct to the possible support line near 3468.

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