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).

Thursday, March 13, 2008

PSEi 3/13/08


PRICE AND TURNOVER
Close: 2,940.47
Change: -12.92 (-0.44%)
Value: 3,114,415,000

MARKET BREADTH
Net adv/dec issues: -52
Net up/down volume: -382,397,850
Net foreign buying: -555,058,144

TECHNICAL ANALYSIS
Intermediate and short term downtrend
Support: 2,900 Resistance: 3,300

OUTLOOK
The PSEi gaps down and closes lower for the day. Today's movement remains within the confines of the intermediate and short term downtrend. YTD NFS reaches a new high of P16.0B.

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