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).

Tuesday, September 2, 2008

PSEi 9/2/08

PRICE AND TURNOVER
Close: 2,708.25
Change: 21.73 0.81%
Value: 1,276,986,000

MARKET BREADTH
Net Advancing Issues: 24
Net Up Volume: 266,367,900
Net Foreign Buying: -235,170,894

TRENDS
* PRIMARY DOWNTREND | Corrective wave | Prior support 2289 | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Broken trendline | Correctivel wave | Prior support 2289 | Prior resistance 2903
* SHORT TERM PROVISIONAL UPTREND | Directional wave| Prior support 2372 | Potential support 2611 bottom of the gap | Prior resistance 2778 | Prior resistance 2778

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