PSE Index Chart Analysis for the Week(November 4 to 10, 2012)

Figure 1: PSE Index Chart

The index was able to find some support and tried to reverse along its trendline. RSI was also able to find its own support. Keep an eye if this RSI support will hold this week. Momentum last week somewhat started to shift upward again. There is high possibility that our local market will continue to move sideways to up within the week.