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]
