Is ROX going for the kill or create a handle?
ROX went up by 3.1% today and it seems it hit the top of the cup. Will it form a handle or onwards to 7.52 for the bigger cup? Notice that we don’t have any bearish candlestick pattern as of this time so there is a chance it will continue to go up. But if at the market close tomorrow we will see a bearish pattern then we might see ROX to retrace to form a handle around 6.2 – 6.3
Ichimoku elements are still showing bullish sentiment but RSI or Relative Strength Index is now at 81.
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