A technical analysis of the PSEi chart: Is the Philippine Stock Exchange main index gonna continue heading up?! Can’t really tell… All I can say is that there seems to be a small symmetrical triangle chart pattern being formed (indicated by the red circle) and it can be bullish or bearish. Click image to enlarge!
Archives for September 2009
Among many choices in the stock market that already have gone up after the market crash, there are still that haven’t and one of them is MUSX Corporation (MUSX). In the picture, the stock has been consolidation sideways for months and seems to be forming an ascending triangle chart pattern (indicated by the red diagonal lines). Once the price breaks the resistance line (top red diagonal line) with heavy volume, a minimum of 0.17 pesos per share is achievable as for my technical analysis. Click image to enlarge!