Kumo Break on PX

PX continue to slowly move up and has pierced through the Kumo or Cloud today. This is another bullish signal for PX. Newly found support will be the Senkou Span and the 9.09 or the 50% Fibonacci Retracement level. If this will hold then we might see PX hit the upper slope which is our resistance. From there we will monitor if we will have a bearish candlestick formation. Last time it hit the upper slope we saw a Shooting Star.

Caveat!

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felix

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.

One Response to Kumo Break on PX

  1. Welmar Villanueva Chavez says:

    thankz

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