Charting: $PSEi, $GERI, $NIKL, $PNX

Posted Leave a commentPosted in Stock Market 101, Stocks, Technical Analysis, Charting

Index closed up by 130pts or 1.5%. Curiously, there was significant movement on close from index heavyweights ($SM, $AC, $ALI). Good bounce from the 9SMA, and today’s action seem to negate the long bearish candle last Friday, continuing the bounce since Oct27. 8600 resistance coming up.

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