PCOR breaking first resistance. More to come?

PCOR broke the barrier at 12.07 or 78.6% Fibonacci Retracement level and stayed above it at the close. Notice that Kijun Sen line is moving horizontally near the 50% Fibonacci Retracement level. Will it be possible for PCOR to move up to that level very soon?

All elements of Ichimoku is still in a bearish position but the big gap created last March 27 is a good reason for us to speculate that PCOR will continue to move up, aside from the Kijun Sen of course.

RSI or Relative Strength Index is also quite low at 29 indicating that there is still a lot of room for the buyers.

Caveat!

The following two tabs change content below.

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 PCOR breaking first resistance. More to come?

  1. Jay-ar Gementiza says:

    ano pong software gamit nyo? tnx

Leave a Reply

}