PSEi: The Week Ahead, September 29

FacebookPinterestPrintEmailShare this!

The Philippine Stock Exchange Index (symbol: PSEi) reached a new all-time high this week, opening up the potential for a move to new territories.


Premium Subscription¬† — Check the benefits here or Subscribe now


Philippine Stock Exchange index_PSEi Daily chart, September 26, 2014

PSEi Daily chart, September 26, 2014

On Friday, September 26, 2014, the PSEi closed the week at 7,261.30 or down by 32.91 points — equivalent to a minor 0.45 percent decline.

Key Areas List

I have modified the Key Areas list slightly as the PSE index continues to stay above the 7,200 level.

Key areas to watch:
Resistance: 7,400-7,500
Support: 7,200, 7,000

Reference charts:

http://www.tradingphoenix.net/2013/12/30/psei-the-year-ahead/

The MYA (Mid-Year Analysis): get FREE access by subscribing here.


Want the PSEi analysis guaranteed on a weekly basis? Get a Premium Subscription! Starting¬† October, non-subscribers only get a limited access (1 up to 3 per month) to the PSEi: The Week Ahead. Don’t lose your compass of the local stock market — SUBSCRIBE NOW


The Script

Following the script mentioned in my last post, the index happily obliged and reached a new all-time high this week, following the previous week’s highest weekly close ever recorded. These are all good news; however, before bulls rejoice, they must continue keeping a lid at the 7,200 level.

September ain’t over yet; bears can still manage a move through 7,200 which would reduce all the positive efforts laid out during this month.

I would prefer a September monthly close and another weekly close above 7,200 — above 7,300, if possible.

Where do you think the index will head to this coming week? Share your thoughts below! Join over 2,000 followers and Like our Facebook page as well!

1 Comment

  1. We have finalized the details of the Premium Subscription. Please check it out at http://www.tradingphoenix.net/join-us/

    We have made the introductory offer VERY affordable for early-bird supporters — you can save close to P2,000 when you subscribe now! Not only that, at least 20 to 50% of all subscription proceeds will be set aside for our charity and donation drives. As far as we know, we are the FIRST in the industry to do this.

    #TradingPHoenix
    #TPH
    #TeamPhilippines
    #TeamPhilanthropy

    Trade and Invest Better.
    Trade and Invest without Unwanted Bias
    Buy and Sell with Confidence
    Boost your Trading Experience
    Manage Risks
    Make a Difference
    — Trading Phoenix. You need nothing else.

Submit a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

X

Forgot Password?

Join Us