Friday, May 30, 2014

Philippine Stock Exchange Index (PSEi) Update -May 30, 2014

Technical View
Daily Chart
> Looks like the Median Line of Andrew's Pitchfork (Yellow Green Line) is supporting the downside. Further support is seen at 6630 (Top of the Kumo or Cloud of Ichimoku).


Relative Strenght Index (RSI) - Based on 30-Day Period> RSI is currently at 52.07
> RSI is currently at 50.86.
> Support is seen at 50.14 (113.0% Fibonacci Extension).





















Weekly Chart
> It seems that the Tenkan Sen of Ichimoku is supporting the PSEI. Further support is seen at 6482 (Top of the Kumo or Cloud of Ichimoku) and 6300 (Kijun Sen of Ichimoku) and Lower Median Line of Andrew's Pitchfork.
Relative Strenght Index (RSI) - Based on 30-Day Period> RSI is currently at 52.07
> RSI is currently at 55.23.
> Support is seen at 52.19 (23.6% Fibonacci Retracement Level).






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