Monday, August 30, 2010

PSE Index Chart Analysis for the Week (August 29-September 4, 2010)

Figure 1: PSE Index Chart

Our current market is now situated along the short term support area. It is not yet totally at the oversold area of my indicator, which gives the market some more area to correct. The good thing is the momentum is still strongly bias going in the upward direction. Some major support area can be found around 3525.

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