BDO knocking on heaven’s door

BDO is at is knocking on the resistance level once again. Will it be able to break this time? The threat from the Kijun Sen is gone as the line bent upward. This is a good signal for the bulls. A long green candlestick or at least not closing below 81.50 will trigger the price to move forward and may hit 85.31 which is our 127.2% Fibonacci Retracement level. Let us monitor the candlestick tomorrow


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A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

2 Responses to BDO knocking on heaven’s door

  1. good day sir, i've been reading your blog for quite sometime and still learning the ropes on trading especially on your technical analysis on BDO which I've invested. I would love to know if it would still go higher since it has already broken or has moved upward to 88+? Your opinion and analysis will be much appreciated. Thanks in advance.

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