Tag Archives: candlestick

Breaking barriers at 2.91 may bring NiHAO to 3.23

We saw NI found support at (NIHAO keeps on falling. Looking for support), or if start from around 1.48 then the retrace is about 38.2% fibo which leads us to speculate that price could reach 161.8% or even the 224%.

LTG looking for another support after breaking from the 61.8% Fibonacci Retracement level

The bulls where not able to contain the bears on LTG. Price fell today below the support line 61.8% Fibonacci Retracement level. This might continue to fall and find support at 16.75 per share. Once it is near that price

BDO knocking on heaven’s door

BDO is at is knocking on the resistance level once again. Will it be able to break this time? The threat from the Kijun Sen is gone as the line bent upward. This is a good signal for the bulls.

BEL clings to Kumo

Looks like BEL found a good support at the top of the Kumo. It fell as low as 5.18 per share but was able to recover its loss and clos at 5.26 per share with 0.2 percent change from previous

BEL landing at the Kumo

BEL fell by 2.1% today landing at the Kumo. The pull from the Kijun Sen seems to be a too strong for BEL to resist. The bullishness of BEL is still there based on the elements of Ichimoku but one

Doji on EMP

After touching the 38.2% Fibonacci Retracement level and bouncing to as high as 11.74, it seems that the bulls are becoming weaker. Today we have seen through the Doji candlestick that the bulls and the bears are in equilibrium. In

Bulls on AP may bring the price back to its recent high

From the low of 31.75 to the high of 37.10, AP has retraced and bounced at 50% Fibonacci Retracement level. The candlestick formation yesterday provided us with the information that the bulls are in control. Today’s price movement has been

SMPH keeps falling after hittin the resistance

After we saw the rise of SMPH last Thursday, it has been falling since then and is currently trying to find a support. Current candlestick does not show any bullish pattern which tells us that SMPH might continue to correct

FGEN’s dip may be a healthy correction

FGEN is currently at its support level but so far bearish bias is still great. The flat Senkou Span B of the Kumo and the Kijun Sen line moving horizontally at 14.51 may cause the price to be attracted and

Will BEL bounce at 38.2% Fibonacci Retracement level?

BEL has retraced by 38.2% after it rallied to 5.52 per share few days ago. Aside from the 38.2% Fibonacci Retracement level that act as its support, it is also near the Kijun Sen line which will add support for

PMINI

PMINI‘s chart shows that it is still in an upward trend but has been experiencing some headwinds after it hit 14,227.40 Currently at 13,669.10 we are seeing an interesting price movement. The candlestick that is formed at the support level

NIHAO keeps on falling. Looking for support

NI may seek support at 23.6% Fibonacci Retracement level where the Kijun Sen line is also moving horizontally. This is around 2.05 This is if we will not see any reversal pattern from our candlestick. So far what we see

Bearish Harami on DNL

DNL is showing some bearishness today as it fell by 2.3% forming a Bearish Harami in the process. This harami when seen at the top of an uptrend tells us that the bulls has weaken. If we will see a

Bearish Harami seen on TA’s weekly chart

After the recent consecutive rallies of TA which brought the price to as high as 2.04, it has shown a bearish candlestick pattern called Bearish Harami. This pattern is a sign of disparity in the stock’s health. The stock is

ICT may move sideways between 96 and 100

Weekly chart of ICT is telling us that it is still in an upward trend with Kijun Sen support the price not to go down. This line is also moving around 38.2% Fibonacci Retracement level, additional force for the support.

BEL broke from Kumo

BEL went up by 6.8% today closing at 5.49 per share. The rally pierced through the 61.8% Fibonacci Retracement level. Current support will be around 5.39 while we are seeing a resistance around 5.59 Based Ichimoku system, today’s movement sends

EMP retraced, near support

Using the same channel we put last January 19 when we saw EMP registered two bullish signals from Ichimoku elements, EMP has retraced and may find support somewhere near the lower slope up to where 38.2% Fibonacci Retracement level is.

TEL may continue to rise before hitting strong resistance

TEL’s weekly chart suggests that there is still room for it to move up until it hits the upper slope. As seen on its chart, there is a downward channel created by the lower highs and lower lows. Kijun Sen

Will PSEi be able to continue rising?

PSEi continue its winning streak today adding 30.19 points to close at 6,170.05. Based on our chart, there is no bearish candlestick yet except that it is currently knocking at 50% Fibonacci retracement level. In case this will be broken,

ICT keeps falling, may find support at 61.8% Fibonacci Retracement level

ICT has been dropping since it hit 107.30 per share. Today it fell by 3.6% at the closing breaking the 50% Fibonacci Retracement level which serves as the immediate support. Based in recent history, the 61.8% Fibonacci Retracement level serves