Thursday, May 14, 2009

PHILIPPINE STOCK EXCHANGE INDEX: PSEI 5-14-2009


As we can see, the PSEi has achieved it's target price after breaking out from a symmetrical triangle (encircled with yellow) and its downward resistance (green dotted line) late March. Is it now time for the PSEi to go back dropping again after weeks of good runs?! I hope not. Personally, I'm really bullish with the Philippine market as well as the US market but it just needs to correct. Click image to enlarge!

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