Figure 1: PSE Index Chart
Sorry guys, I wasn't able to update my blog last week because I was so busy with some other activities. Anyway, the index finally corrected from being extremely overextended. Right now I am expecting it to find some support along the 20 MA (red moving average). It is now at the oversold area as indicated by one of my indicator. This increases the probability of a market reversal (continuation of the up trend) within the week.
No comments:
Post a Comment