BEL to challenge first resistance soon?
BEL is looking good after it showed last Friday a Harami pattern and a good close today. This stock has the potential to continue to rise and challenge the resistance at 4.97. If it will break this resistance and Kijun Sen line will continue to move horizontally, then we have a greater chance it will kiss the Kijun Sen line
Ichimoku elements are still in a bearish mood so be very careful even if we have those possible spikes. One thing we need to observe are bearish candlestick patterns that will form around the resistance levels.
RSI or Relative Strength Index is at 32 and is pointing upwards
More from my site
Latest posts by felix (see all)
- Philippine Stock Market – Update on selected stocks 4/21/2017 - April 23, 2017
- Philippine Stock Market – Update on selected stocks 3/31/2017 - April 1, 2017
- Philippine Stock Market – Update on selected stocks 3/17/2017 - March 19, 2017