Tag Archives: psychological support

MARC may try again to break the resistance

MARC is not giving up yet and may try once more to break the resistance at 4.22 per share. But if the bears force is too great for the bulls, then it might retrace to 3.86 – 3.81 range. The

Doji Star on ALI?

Weekly: Weekly chart is showing a bullish ALI based on the Kumo Breakout and Kijun Sen cross. Although confidence is quite high at this time, Chikou Span didn’t confirm the full reversal just yet, as current price is below the

MBT breaking support levels

MBT broke two Fibonacci Retracement levels today, 50% and 61.8% and the 20-day SMA line wasn’t able to hold as well. Is this going to continue up to 76.4% level? The closing of the gap turned into a nightmare and

ALI may continue to dip, opportunity to buy?

ALI wasn’t able to stay above the 50% Fibonacci Retracement level as it fell by 3% last Friday almost completely closing the gap below. Notice that on Thursday we have a green Shooting Star and it is followed with a

Harami Cross on AGI, time to get some shares?

Looking for a good entry to catch some AGI shares few weeks ago but haven’t gotten any. Would this be a good time to but now that the price is around 10% discounted? We are seeing a Bullish Harami Cross

Fuel of life to meet king of darkness?

PNX, the fuel of life, may soon meet the king of darkness at 6.66 level. Unless a hero will come along and drive the bad forces away but at this time we haven’t seen it. Seriously, we have seen PNX

Dark Cloud Cover on DNL

DNL gaps up at the opening and bulls began to rally but around 11 AM the selling pressure began to be felt. It went back to its previous price and then turned red until the closing. The movement today showed


Based on our Fibonacci Retracement level, 38.2% which was the resistance way back in March 2012 and how act as support has been breached. Price is now at the mercy of the 50% level which is not really a part

Not yet BLOOMing?

Looks like a test for BLOOM tomorrow. Will the new found immediate support at the upper slope be strong enough? At this point BLOOM wasn‘t able to stay above 23.6% although it went pass that level intraday. With the Doji

CALATA: When are you going to rebound?

A total decline of 16.44% last week and RSI or Relative Strength Index at 16 for this stock. Looks like the stock that is favorite to most traders are now in a bad shape. Current price at 4.88 a share

Waiting for the sign

LIHC failed to bounce today (or yesterday) from the bottom and instead it declined for 3.88% at the closing today. Long red MARUBOZU candlestick is what we got and it breaks two supports. One around 61.8% and the psychological support

Let PIP fall for now

Last week we were asking if PIP is Up or down?. Now we see that PIP is going down. But how far will it dip? As of now, our candlestick doesn’t indicate a reversal. A major support can be seen

Bears still calling the shots

BHI may have some few spikes but it seems that bearish sentiment is still intact. Intraday rally may be good for those you are looking for fire exit. Before the closing, the price was on the 50% Fibonacci Retracement level


It seems that yesterday’s Engulfing Pattern has been confirmed by today’s candlestick. Price didn’t move past the resistance which is at 38.2% Fibonacci Retracement level. In fact price move away from it at the closing. Major support is waiting around