Sunday, April 28, 2013

PSE Index Chart Analysis for the Week(April 28 to May 4, 2013)

Figure 1: PSE Index Chart

The index is currently located along key minor support area. Momentum is still strongly bias upward and is neither overbought or oversold right now. Keep watch for any breaking of support lines for this will indicate some market weakness. I am expecting the index to continue moving sideways to up.

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