PSE Index Chart Analysis for the Week(March 2 to 8, 2014)

Figure 1: PSE Index Chart

Finally the index was able to break its RSI 60 level. This plus the breaking of the 200 moving average (green line) confirms the re-entry of our index to bullish territory. I am projecting my near term target of our index at 7145. but first it needs to break that resistance at 6637 (conservative target). Current momentum is still  strongly bias upward.