Sunday, January 1, 2012

PSE Index Chart Analysis for the Week (January 1 to 7, 2012)

Figure 1: PSE Index Chart

Last week the index corrected and was able to find some support around 4320. Given the improving upward momentum I am expecting the index to break the 4400 soon and move towards the 4500 area. I also notice that after a couple of months the 3 moving averages was able to bullishly aligned again with each other.

Happy New Year  to all!

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