Sunday, October 17, 2010

PSE Index Chart Analysis for the Week (Oct. 17 to Oct. 23, 2010)

Figure 1: PSE Index Chart
Thanks to last weeks correction our market was able to breath normally again at least for the short term. It is currently near oversold level. But despite the mid week upward push by our market, what is more bother some is its current momentum which is still getting weaker to the upside. For now our market must break its minor resistance located at 4,253. Its minor support can be found along 4146.

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