Wednesday, February 27, 2008

PSEi - almost unchanged



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PSEi = 3079.54 (0.0%)

PSEi formed black candle with lower low and lower high. Volume increased slightly.

PSEi almost top shaven with long bottom... Bearish?

PSEi continues to respect aggressive supply or resistance line... It also seems to have accelerated the rate of decline of the supply or resistance line... Bearish

PSEi RSI (34.5) about to hit the lower limit of 30 and signal oversold...

Careful traders...
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