Category Archives: PNB

Dark Cloud Cover on PNB

PNB has shown some bearish sentiment today as it drop by 1.82% forming a Bearish Dark Cloud Cover. Before today’s trading, PNB’s RSI or Relative Strength Index has already reach 83 and while it retraced today it is still at

PNB seeking strong support

PNB continues to go down after reaching the 50% Fibonacci Retracement level. It is now near the 38.2% line. This level has been a strong resistance July and in fact price went down after the bulls failed to break it.

Symmetrical Triangle on PNB

Last time we saw PNB halfway to its higher end and noted that the resistance might cause the price to retrace, which it does. Now the price movement of PNB is like a Symmetrical Triangle instead of the rectangle that

PNB halfway to its higher end

Last time we said that PNB may range trade between 76.4% and 61.8% Fibonacci Retracement levels and somehow it slowly climb to its higher end. But the climb may not be that easy as are now facing with resistance coming

PNB may range trade between 76.4% and 61.8% Fibonacci Retracement levels

PNB dropped below 80 level after reaching as high as 81.50 today. Speculating a range trade for PNB between 76.4% and 61.8% Fibonacci Retracement levels at this time. While price is at lower part of the range, candlestick formation showed

PNB’s RSI on buy signal. Price below 23.6% Fibonacci Retracement level

The same with the other stocks, PNB went down last Thursday by a big 5.16% at the closing. Last Friday we saw a positive price move with a buy signal on RSI. Is this going to reverse? Friday’s action shows

Symmetrical Triangle on PNB

With the news about PNB and Allied Bank merger closer to completion, the price of PNB has been in a contracting wedge. Are we going to see a breakout soon? Or a breakdown? The symmetrical triangle usually forms during a