The PSE Index – 24 January 2012
The Philippine Stock Exchange Index succumbed to profit taking after four days of gain. It closed at 4,714.35, down 33.55 points, from a record high of 4,747.90 points on 20 January 2012. Losers beat gainers, 89 to 78; while 36 issues unchanged. Support is seen around 4,650 and next resistance is at 4,800 points.
For the past few days, Wellex Industries, WIN, did an outstanding run when it hit the target price at 0.50, although it encountered a minor correction today. Support is at 0.39, it seems that this may continue to go beyond 0.50 but only the ticker can tell 
Information Capital Technology Ventures, Inc or ICTV closed higher today at 0.61 after reaching a high of 0.64. It looks like it’s forming a cup and handle with a target at 0.93. Support is seen at 0.48.
Gaming, mining and infrastructure stocks are the favorite of analysts for 2012. As for me, it still depends on the chart. I hope we have an auspicious 2012 this year of the Black Water Dragon. To all my Chinese friends, Gong Xi Fa Cai! (Congratulations and be Prosperous!) Xin Nian Kuai Le! (Happy New Year!) 
Image from 123RF.com
Haha! I haven’t tested it yet though. Let’s see how things would go in the next few trading days.
wow! i’m glad that you have your own blog site now, congratulations!
thanks for making my blog an inspiration, so you’re now a fan of Ichimoku? 
Hi, Aidz! I have created a blog of my own, inspired by yours and Sir Gus’s. And I have just recently moved to Singapore.