Saturday, March 8, 2014

PSE Index Chart Analysis for the Week(March 9 to 15, 2014)

Figure 1: PSE Index Chart

Just notice lately that our index is forming a triangle pattern whole target is around 7640. Prior to this triangles target my projected target is the 7221 area. Should the triangle's target be hit then index may have a projected target of 9200. Will give details once we hit 7640.

Sunday, March 2, 2014

Stock in Focus: EEI (March 2, 2014)

Figure 1: EEI Price Chart

Stock in Focus: BLOOM (March 2, 2014)

Figure 1: Bloom Price Chart

Stock in Focus: FGEN (March 2, 2014)

Figure 1: FGEN Price Chart

Stock in Focus: TA (March 2, 2014)

Figure 1: TA Price Chart

PSE Index Chart Analysis for the Week(March 2 to 8, 2014)

Figure 1: PSE Index Chart

Finally the index was able to break its RSI 60 level. This plus the breaking of the 200 moving average (green line) confirms the re-entry of our index to bullish territory. I am projecting my near term target of our index at 7145. but first it needs to break that resistance at 6637 (conservative target). Current momentum is still  strongly bias upward.

Sunday, February 16, 2014

PSE Index Chart Analysis for the Week(February 16 to 22, 2014)

Figure 1: PSE Index Chart

Sorry guys, I wasn't able to update my blog for a couple of weeks for I've been busy lately. Anyway, for this coming week I am expecting for some correction in our index to occur because it is already short term overbought. Aside from this it is now encountering some major resistance. Both the Fib 50% line and its down sloping RED trend line is acting as key major resistance. I need to see that trend line as well as the RSI 60 broken before considering our index as already bullish. Momentum upward is still weak.   

Sunday, January 12, 2014

PSE Index Chart Analysis for the Week(January 12 to 18, 2014)

Figure 1: PSE Index Chart

Overall market is still trending down with a possibility of market reversal, as indicated by the RSI being able to already break its down trendline. However momentum upward is still quite weak and our oscillator still needs to hit the oversold area, indicating a possible continuation of the market correction this week. Index needs to break the 61.8% fib resistance while keeping prices above 5700 to 5795 for this possible reversal to remain valid at this moment. 

Sunday, December 8, 2013

PSE Index Chart Analysis for the Week(December 8 to 14, 2013)

Figure 1: PSE Index Chart

On my last index analysis, I have expected the index to bounce/reverse. Indeed it pulled back towards our 38.2% fib resistance and the 20 MA before correcting again from being short term oversold. For this coming week I am expecting the index to continue consolidating with high probability of moving sideways before resuming its upward move. Momentum downward is quite weak now when compared to last time. What I am speculating right now is if the index will form a double bottom pattern. 

Sunday, November 24, 2013

PSE Index Chart Analysis for the Week(November 24 to 30, 2013)

Figure 1: PSE Index Chart

Sorry guys, I was not able to update my blog for the past 2 weeks because I've been busy due to typhoon Yolanda. Anyway, as per latest update the RSI 60 proved to be a strong area of resistance. Right now the index is already at oversold area, increasing the possibility of a  pullback/reversal soon. But I will still remain cautious until the very strong momentum downward will slow down.