PSE Analysis : April 9, 2008
The Philippine Stock Exchange (PSE) is once again facing a critical point on it’s price movement. Our index seems to have found a level of support at the 2953 level, and this is also the price of the breakout from the 3 months of downtrend. Tomorrow would surely be another deciding point for our index, a break below this level could indicate that the downtrend is going to continue.
My suggestion is still to stay as liquid as you can until a clear sign of reversal can be seen.
thetrader @ April 9, 2008
