Sunday, July 17, 2011

PSE Index Chart Analysis for the Week (July 17-23, 2011)

Figure 1: PSE Index Chart

This coming week I am expecting the index to continue moving upward and possibly break the 4518 resistance. If this resistance is broken, next target will be the 4628. Currently our index has still a lot of room to move up for it is  not yet at overbought area and the upward momentum is also getting stronger.

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