Wednesday, May 28, 2014

Philippine Stock Exchange Index (PSEi) Update -May 28, 2014

Technical View
Daily Chart
> Looks like the 25MA is supporting the PSEi. Further support is seen at Hagopian Line/Trigger Line (Blue Line).
> Resistance is at Lower Median Line of Andrew's Pitchfork (Red Line).

Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 57.11
> The 61.8% Fibonacci Retracement is seems to be supporting the downside.
> Resistance at Hagopian Line. (Red Dotted Line)


















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