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Showing posts from March 7, 2010

PSEi about to test resistance at 3130/3133

PSEi seems likely to test resistance at 3130/3133 (2Dec2009 and 15Jan2010) Open: 3110 High: 3125 Low: 3110 Close: 3120 White candle formation (3rd straight) opening low and closing near intraday high. 3rd straight higher high. 32MA seems to be supported by 130MA and might be a lagging indicator for the uptrend. 32MA might cross above 65MA to confirm bullish trend. RSI: 69 nearing overbought level of 70 but might also signal bullishness of the index after crossing above 70 Parabolic SAR: 3049 Regrads to Prof. Cayanan, CBA, UPD; and Congratulations to the UP-CBA delegation for winning CFA Investment Research Challenge for Asia-Pacific!!! Good luck on the Global IRC Competition :) Congratulations to Team Philippines for winning the Asia Pacific leg of the Global Investment Research Challenge on 6 March 2010. The Philippine Team came from the University of the Philippines, with students Pamela Li, Raymund Siegfrid Li, Jose Mari Punzalan, Rachelle Denise Sison, Choerleen Bianca Solema, fac