PSM Update 06.17.13

June 17, 2013

Trend: consolidation
Phase: market support test

Recomendation: short sell high (during rallies) buy on dips

Good morning

We may see another test of support today and if broken, we might even see further downward momentum this week

There are no big news to expect for the season, as the next investment upgrade seemed to be underhold

According to most analysis
Ph is seen to withstand the market volatility even as the sell offs is likely to continue

As for now down trend muna


Erwin San Luis