The Philippine Stock Exchange Index (PSEi or PSE Index) ended the year today at 7139.71, up 0.25% from yesterday but down 8.6% year-on-year and 7.8% in the red year-to-date (YTD). For more details, please visit the PSE website at https://pse.com.ph/stockMarket/home.html.
Resistance and Support:
The market continues to trade within the 6740-7211 range as shown in the shaded area on the chart. Immediate support is at 7102 while immediate resistance is at 7211.
Let’s see if the index could break the 7211 resistance level next year. In the meantime, let’s have a…
Happy new year!