PSEi - gap up to close previous gap down

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PSEi = 3677.19 (2.2%)

PSEi exhibited how bullish it is by forming a gap up white candle to close a previous gap down and even attempted to close another previous gap down. Wow!

Support:
3664.63 - upper limit of gap up
3642.12 - upper limit of previous gap down

Resistance:
3705.81 - high of gap up
previous gap down at 3706.24-->3685.33
3820.55 - all time high posted on 7/13/2007

Good luck to all traders!

Note US markets closed mixed last night. PSEi might have a hard time posting a higher high today. Kindly refer to the news links provided on the side bar on the latest business, finance and stock market news by Inquirer, Marketwatch and CNN.

DJIA = 14,047.31 (0.29%)

US STOCKS-Dow drops day after rally, but banks, builders gain - from Reuters

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