Jul 31, 2014 - PNX, Stock Analysis    No Comments

Will PNX be pulled by Kijun Sen line?

The support at 127.2% Fibonacci Retracement level a couple of days ago became the newly found resistance when price of PNX went down to 5.86 per share. Today it tried to make a comeback but the bears are quite strong. The Harami pattern we are seeing today could be a start for reversal but we [...]

Jul 31, 2014 - ION, Stock Analysis    No Comments

ION moving towards support slope

ION is closing in on support slope. Will it bounce once it hit there? We have seen ION bouncing at this slope many times already and this could be another one but we need to be patient in waiting for the right signal. We only have a weak bearish signal from Ichimoku elements when Tenkan [...]

Jul 31, 2014 - COAL, Stock Analysis    No Comments

Will COAL continue to drop?

COAL dropped yesterday by 15.4% breaking the Kijun Sen line on weekly chart and piercing the Kumo on the daily chart. Today the bulls tried to equalize with the bears but wasn’t able to break the newly found resistance at 1.24 – 1.26 area. Although we could see a Harami pattern, we need a great [...]

Jul 30, 2014 - FLI, Stock Analysis    No Comments

FLI looking for support

FLI continue to move downwards as 50% Fibonacci Retracement level was broken and price close at the lowest intraday price of 1.45 per share. Next support is at 1.44 per share or 61.8% Fibonacci Retracement level. While we don’t see any reversal pattern from our candlestick, its not good to get in even if RSI [...]

Jul 24, 2014 - GERI, Stock Analysis    No Comments

Kijun Sen Cross on GERI

GERI went up by 1.9% today to close at 2.15 per share. The 2.17 resistance we challenged but the bulls failed to sustain the rally as it move back at the closing. We could tell that bullishness is still there and the possibility of breaking the resistance is greater at this time. Remember that the [...]

Jul 23, 2014 - FGEN, Stock Analysis    No Comments

Kijun Sen Cross on FGEN

FGEN continues to go up past the Kijun Sen line which signaled a bullish bias via the Kijun Sen Cross. Supports are the 22.12 or the 61.8% Fibonacci Retracement level and the Kijun Sen line itself. The dip to the 78.2% Fibonacci Retracement level recently leads us to speculate that the current rise may continue [...]

Jul 22, 2014 - CMT, Stock Analysis    No Comments

Engulfing pattern on CMT

Did CMT hit the bottom yesterday? The successive drop brought CMT to its recent low of 2.34 per share but today we saw some bullishness as it move up by 7.1% to close at 2.57 per share. This creates an Engulfing pattern on our last two candlesticks. Ichimoku elements are still in a bullish setup [...]

Jul 22, 2014 - BLOOM, Stock Analysis    No Comments

BLOOM got a Doji

The bears begin to creep in on BLOOM as it tries to cross the 50% Fibonacci Retracement level today. The fight between the bears and the bulls today can be seen via the Doji candlestick today. It went as high as 11.68 and as low as 11.30 but closed where it opened. Doji is a [...]

Jul 20, 2014 - ORE, Stock Analysis    No Comments

Price may consolidate at current level

Looks like ORE will take a breather for a while before it will continue to climb. We are still looking at 2.23 as our support and 2.40 our next resistance. Based on the candlestick last Friday, it seems that price will move sideways to consolidate but still the bullish sentiment is still there as depicted [...]

Jul 20, 2014 - DAVIN (MMI), Stock Analysis    No Comments

Will Kijun Sen help pull the price up?

DAVIN is consolidating 3 – 3.14 level. The 50% Fibonacci Retracement level has been a strong resistance for DAVIN but so far the bulls haven’t given up yet. With the help of the Kijun Sen’s power to attract the price, we might see DAVIN to break the current resistance and move towards 3.73 per share. [...]

Jul 20, 2014 - DWC, Stock Analysis    No Comments

Kijun Sen line may pull the price up

DWC is closed at 1.88 per share last Friday and could have bottomed out already at current level. The Kijun Sen line that is moving horizontally at 2.12 may pull the price up but this may be short-lived only. Ichimoku elements are still in a bearish position. Chikou Span moving below the price, Tenkan Sen [...]

Jul 20, 2014 - PCOMP, Stock Analysis    No Comments

Index moving below 127.2% Fibonacci Retracement level

Our index ended in red last week closing at 6816.90 Based on our Fibonacci Retracement level the current resistance is at 6903.42 or the 127.2% Fibonacci Retracement level while support is at 6826.13 and then the 6648.08 The flat Kumo at 6482.89 and the Kijun Sen line at 6451.36 is a threat for the bulls. [...]