Sunday, April 12, 2009

PHILIPPINE STOCK EXCHANGE INDEX: PSEI 4-12-2009


PSEi, the Philippine Stock Exchange's main index, has dramatically been falling down for more than a year now along with the global markets. However, we can see from the charts that the year long decline of the PSEi has been reversed last week as the prices emerged above the downrend's resistance line (green dotted line). Is this already a reversal or just a rally?! Click image to enlarge!

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