SECB broke from the triangle

Looks like a breakout from the triangle for SECB. Last week it went up by 6.3% to close at 120.20 per share. Our Kijun Sen line which may continue to attract the price is at 124.05. If SECB will continue to move up and establish a strong support after breaking the 23.6% Fibonacci Retracement level, then we might see SEC to visit the 150 level. But that will not come with some headwinds along the way. Take note also that we might experience a test of newly found support.

RSI or Relative Strength Index is at 57


The following two tabs change content below.


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.

Leave a Reply