MCP moving up but slow
MCP continue to move upwards after hitting the flat Kumo but so far the movement is too slow. Currently it is above the 61.8% Fibonacci Retracement level which is our support while resistance is seen at 78.6% Fibonacci Retracement level. It is crucial for MCP to maintain its price above the 13.37 so that Chikou Span can retain its bullish signal or else we will see one of the Ichimoku elements to give a red light.
RSI or Relative Strength Index is at 59
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