Kijun Sen Cross on RWM
The long green candlestick called Marubozu may signify a reversal for RWM after it hit the 78.6% Fibonacci Retracement level. This leads us to speculate that RWM may continue to move up and reach the 127.2% Fibonacci Retracement level following this bounce. Current resistance is at 9.72 per share. On our daily chart, saw last Friday how RWM registered a bullish signal via the Kijun Sen Cross.
RSI or Relative Strength Index is currently at 52
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