The PSEi resumes its advance after a 2-day pause. The next critical level is the prior resistance of 2956.
TRENDS
* MAJOR UPTREND | Interrupted by a consolidation | Down swing | Prior support 2034 Jun-2006 | Potential support at trendline Prior resistance 3897 Oct-2007 | Potential Fibo resistance 3300
* INTERMEDIATE DOWNTREND: Corrective wave | Prior support 2712 | Prior resistance 3051 | Potential Fibo resistance 2900 | Broken trendline | MACD and RSI bullish divergence
* SHORT TERM DOWNTREND: Corrective wave | Prior support 2712 | Prior resistance 2956 | Broken trendline
PRICE AND TURNOVER
* Close: 2,896.15 * Change: +18.69(0.65%) * Value: 2,395,926,000
MARKET BREADTH
* Net Advancing Issues: 42 * Net Up Volume: 106,099,620 * Net Foreign Buying: -333,790,101
TRENDS
* MAJOR UPTREND | Interrupted by a consolidation | Down swing | Prior support 2034 Jun-2006 | Potential support at trendline Prior resistance 3897 Oct-2007 | Potential Fibo resistance 3300
* INTERMEDIATE DOWNTREND: Corrective wave | Prior support 2712 | Prior resistance 3051 | Potential Fibo resistance 2900 | Broken trendline | MACD and RSI bullish divergence
* SHORT TERM DOWNTREND: Corrective wave | Prior support 2712 | Prior resistance 2956 | Broken trendline
PRICE AND TURNOVER
* Close: 2,896.15 * Change: +18.69(0.65%) * Value: 2,395,926,000
MARKET BREADTH
* Net Advancing Issues: 42 * Net Up Volume: 106,099,620 * Net Foreign Buying: -333,790,101
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