Sunday, September 16, 2012

PSE Index Chart Analysis for the Week(September 16 to 22, 2012)

Figure 1: PSE Index Chart.

Great news! Our index finally had a confirmed upward breakout last week, as indicated by our RSI indicator. Starting last Wednesday, market momentum has shifted upward also. Right now I am expecting our index, to consolidate or correct within the week to correct its short term overbought condition.

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