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
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