Blog Posts on pse index chart analysis
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PSE Index Chart Analysis for the Week(May 27 to June 2, 2012) by Philippine Stock Analysis on May 27, 2012Figure 1: PSE Index Chart We had a very boring market last week. I am expecting a possible pullback towards its breakout point but did not materialize. Momentum is still strongly bias sideways to toward direction. Negative thing is the index is no...
PSE Index Chart Analysis for the Week(May 13 to 19, 2012) by Philippine Stock Analysis on May 13, 2012Figure 1: PSE Index Chart For this coming week, I decided to update my channel line and used a raff regression channel to be able to draw the best channel lines that can clearly show the direction of our index. Base on the current chart, I am expe...
PSE Index Chart Analysis for the Week(May 6 to 12, 2012) by Philippine Stock Analysis on May 6, 2012Figure 1: PSE Index Chart Last week the index did very well and was able to negate the bearish AB=CD pattern. I am expecting the index early this week to consolidate/correct from being short term overbought. Major support to watch are the 5220 and...
PSE Index Chart Analysis for the Week (April 29 to May 5, 2012) by Philippine Stock Analysis on Apr 29, 2012Figure 1: PSE Index Chart I am expecting the index to continue consolidating early in the week. Hopefully the support around 5120-5150 will hold. The bearish AB=CD pattern is still there until the 5267 is broken. Positive thing, momentum is strong...
PSE Index Chart Analysis for the Week (April 22 to 28, 2012) by Philippine Stock Analysis on Apr 22, 2012Figure 1: PSE Index Chart For this week, I am expecting the index to continue consolidating/correcting. It is now short term overbought and is forming a bearish AB=CD pattern. Good thing is it was able to break its previous resistance and e...
PSE Index Chart Analysis for the Week (April 15 to 21, 2012) by Philippine Stock Analysis on Apr 15, 2012Figure 1: PSE Index Chart After the double top pattern has failed last week, the index now seems to be consolidating on what seems to be a rectangular box pattern. It needs to break the resistance lines around 5115 to 5150. Its critical for the index...
PSE Index Chart Analysis for the Week (April 8 to 14, 2012) by Philippine Stock Analysis on Apr 9, 2012Figure 1: PSE Index Chart The index is somewhat forming right now a possible double top pattern that once confirmed will have a possible TP around the 50 MA or to the 4917 area. Keep what on the major support line around 5030, once broken will confir...
PSE Index Chart Analysis for the Week (April 1 to 7, 2012) by Philippine Stock Analysis on Apr 1, 2012Figure 1: PSE Index Chart I am expecting the index to retest and try to break the resistance around 4145 this week. This is a critical resistance that the index needs to break in order to proceed higher. If the index can't break this level then we ma...
PSE Index Chart Analysis for the Week ( March 18 to 24, 2012) by Philippine Stock Analysis on Mar 18, 2012Figure 1: PSE Index Chart The index was able to exceptionally performed very well last week and it was also able to finally negate the bearish divergence that we had seen. Momentum has somewhat accelerated upward also. For the coming week I am expect...
PSE Index Chart Analysis for the Week ( March 11 to 17, 2012) by Philippine Stock Analysis on Mar 11, 2012Figure 1: PSE Index Chart There is something in the market which I don't like right now. Last Thursday and Friday market action lacks some upward strength. Even though our index is neither at overbought or oversold area right now, the mere sight of t...
