Sunday, August 22, 2010

PSE Index Chart Analysis for the Week (August 22-28, 2010)

Figure 1: PSE Index Chart

Our PSE index really did well last week. For the coming week I am expecting a possible continuation upward early in the week with some possibility to correct later in the week. This is due to the fact that our index is at the upper resistance of its channel and my indicator is also slightly inside the overbought area already. 

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