Tag Archives: fibonacci retracement

ALI supported by Tenkan Sen line

ALI is currently supported by the Tenkan Sen line and if you notice this is the 3rd time this line act as a support. Will it be successful again in preventing the price from moving down or it will fail

LTG: Having a hard time breaking the resistance

LTG is having a hard time breaking the resistance at 17.65 or the 61.8% Fibonacci Retracement level. Today it is showing a weak bearish signal via the Kijun Sen / Tenkan Sen Cross. The bulls might be getting tired of

AGI may correct, opportunity to buy

After the rally that brought AGI to 127.2% Fibonacci Retracement level looks like it is now on its way for correction. Price may find support at 28.30 per share but if this will be broken the 27.72 is our next

White Marubozu on LR. Start of another rally?

After consolidating for few days, LR is back on track and registers a 6.5% rally last Friday. Obviously the bulls are in control as of this time. Its daily chart shows that there is a possibility it reach the 261.8%

Is CPG bound for 2.x?

Daily: CPG met some headwinds for the last two days after the rally that brought the price as high as 1.50 The last two candlesticks may signal a sideways movement for CPG as it loosen its RSI. Immedieate resistance is

Will PSEi continue to go up or its the last hoorah for now?

Impressive consecutive rallies for our index since the time it hit 5886 last Feb 4. Will there be more rallies to come? So far the 61.8% Fibonacci Retracement level that acts as a resistance was easily broken and our index

SMPH: Kijun Sen supporting the price

SMPH has been sleeping while a lot of its peers are already running up and some are already overbought. Will this sleeping giant wake up soon? Based on our chart, the Kijun Sen has been protecting the price not to

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.

Does SCC still have room to move up?

December of last year we saw SCC developing a handle for the cup. The retrace for the handle was 38.2% Fibonacci Retracement level (from bottom to 305, not illustrated on chart) or 275.60 per share Currently SCC has benn moving

JFC’s 38.2% Fibonacci Retracement level could be its springboard

JFC’s weekly chart is showing a weak bearish signal via the Kijun Sen / Tenkan Sen Cross but it seems that it has found its support at 38.2% Fibonacci Retracement level. Notice how this line prevents price from moving downward.

COSCO generally bearish but spike may give us some gain. Kijun Sen seen at 9.40

COSCO’s weekly chart shows a Bullish One White Soldier candlestick pattern which could indicate the start of COSCO’s spike. A possible spike to 9.40 unless the Kijun Sen line will take another course. Daily chart shows that the 127.2% Fibonacci

RFM possible kissing the Kijun Sen line

RFM may continue to rise and be attracted by the Kijun Sen line but be on the look for possible pull back after that. This is also near our 38.2% Fibonacci Retracement level which will act as resistance. Notice that

LTG: are the bears gone?

Looks like LTG has found support at 61.8% Fibonacci Retracement level after falling from as high as 19.90 per share. Notice the successive long red candlesticks which show bearish sentiment but today it shows a Doji candlestick which could mean

COSCO hit 8.3x before retracing. Will the Dark Cloud cover be confirmed?

COSCO reached the 8.3x (COSCO: Is the flight to 8.30 clear?) mark before retracing and closing at 8.10 The Kijun Sen which attracts the price to go up is now considered our resistance together with the 127.2% Fibonacci Retracement level.

LTG: price may retrace further, opportunity to buy?

LTG seemed to have lost the strength to continue its ascend with two consecutive fall after we saw a bearish candlestick. Currently breaking the immediate support at 78.6% Fibonacci Retracement level with the possibility of going down to 17.36 per

Kijun Sen Cross found on FLI

FLI rose by 6.3% to close at 1.36 per share. Looks like this stock has awaken after sleeping for few weeks. The recent retrace of FLI registered at 78.6% Fibonacci Retracement level which suggests that a bounce from this level

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

COSCO: Is the flight to 8.30 clear?

After reaching around 161.8% Fibonacci Retracement level, is COSCO ready for a rally? Today it is up by 4% closing at 7.85 Based on our chart, we have a possible rally to 8.30 if Kijun Sen line will continue to

MEG at resistance. Are the bulls still strong?

MEG’s rally of 4.5% last Friday brought the price to 3.74 per share and hit the resistance at 78.6% Fibonacci Retracement level. If you notice we have a resistance at this price range last November 15 & 18 where the