StockWatch (Apr 13-17, 2009): PSEi, EDC
The index had a short stint of selling action on the last days of March which brought the index down to the low of 1965 which is the area of the 130 day MA (orange line). The last trading day for that week had the index running a white candle with relatively large volume. On the following week, the index continued where it left off from Apr 3 and continued with its upward movement. [Read more>>]
StockWatch (Mar 30-Apr 3, 2009): PSEi, EDC, SMC
The index showed strength on the opening of the market last Monday with a gap up accompanied with a large volume. It zoomed past the 65 day MA(red line) and closed just above the 130 day MA (yellow line). The index was also able to move above the logical resistance at 2000, which for the past 3 months has been impenetrable. [read full analysis]
StockWatch (Mar 16-20, 2009): PSEi, TUNA, EDC, FGEN
My personal technical analysis on the index and selected PSE stocks for Mar 16-20, 2009: PSEi, TUNA, EDC, FGEN [read more..]
