This blog is committed to the serious study and valid understanding of technical analysis and its objective application to stock selection, risk management and execution primarily in the context of trading stocks listed in the Philippine Stock Exchange (PSE).

Monday, February 4, 2008

PSEi, 2/4/08

PRICE AND TURNOVER
Close: 3,323.25
Change: +29.17/+0.9%
Value turnover: 3,017,350,000

MARKET BREADTH
Net adv/dec issues: +47
Net up/dn volume: +846,731,340
NFB: -8,816,382

The index advanced for the third consecutive day on below average turnover. It closed on an uptick but failed to wipe out yesterday's high while heading closer to the critical 3400/3500 level of potential resistance.

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