Tag Archives: fibonacci retracement
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
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
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
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 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
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 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.
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’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 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
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 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
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
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