Cup and Handle
Weekly Chart
Inverted Head and Shoulder
Monday, July 21, 2014
SMC Potential Bearish Shark & Inverted Head and Shoulder - July 21, 2014
Weekly Chart
Cup and Handle
Weekly Chart
Inverted Head and Shoulder
Cup and Handle
Weekly Chart
Inverted Head and Shoulder
Tuesday, July 8, 2014
Sunday, July 6, 2014
Saturday, July 5, 2014
Thursday, July 3, 2014
Wednesday, July 2, 2014
Tuesday, July 1, 2014
Monday, June 30, 2014
Friday, June 27, 2014
Thursday, June 26, 2014
Friday, June 20, 2014
Thursday, June 19, 2014
Wednesday, June 18, 2014
PEPSI-COLA PRODUCTS PHILS. INC (PIP) - June 17, 2014
Daily Chart
Potential Bearish Gartley PRZ @ 5.34
Potential Bearish Crab PRZ @ 5.70
Weekly Chart
Potential Bearish Gartley PRZ @ 5.74
Monthly Chart
Symmetrical Triangle
Potential Bearish Gartley PRZ @ 5.34
Potential Bearish Crab PRZ @ 5.70
Weekly Chart
Potential Bearish Gartley PRZ @ 5.74
Monthly Chart
Symmetrical Triangle
Thursday, June 12, 2014
Jollibee Foods Corporation (JFC) - June 11, 2014
Technical View
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 56.28.
Weekly Chart
> It seems that JFC is following the Andrew's Pitchfork and found resistance at Median Line.
> See the following support:
@171.40 (50% Fibonacci Retracement Level)
@169.90 (20MA)
@168.79 (50MA)
@166.54 (61.8% Fibonacci Retracement Level)
> RSI is currently at 56.28.
> Support is at 54.79 (23.6% Fibonacci Retracement Level)
Tuesday, June 10, 2014
Property Sector - June 10, 2014
Technical View
Daily Chart
> It seems that the Hagopian Line/Trigger Line of Andrew's Pitchfork is supporting the downside of the Property Index. Further support is seen at 2595.
> Resistance is at 2638 (50MA) and 2683 (20MA).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 51.37.
> Support is at 50 and Median Line of Andrew's Pitchfork.
Daily Chart
> It seems that the Hagopian Line/Trigger Line of Andrew's Pitchfork is supporting the downside of the Property Index. Further support is seen at 2595.
> Resistance is at 2638 (50MA) and 2683 (20MA).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 51.37.
> Support is at 50 and Median Line of Andrew's Pitchfork.
Monday, June 9, 2014
Philippine National Bank (PNB) Update - June 9, 2014
Technical View
Weekly Chart
> Looks like PNB is forming a Potential Bearish Gartley Harmonic Pattern with PRZ at 105.87. Click here for previous analysis.
> Support is at 91 (50% Fibonacci Retracement), Top of the Kumo or Cloud of Ichimoku and Lower Median Line of Andrew's Pitchfork.
> Resistance is at 97 (61.8% Fibonacci Retracement).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 53.94.
Weekly Chart
> Looks like PNB is forming a Potential Bearish Gartley Harmonic Pattern with PRZ at 105.87. Click here for previous analysis.
> Support is at 91 (50% Fibonacci Retracement), Top of the Kumo or Cloud of Ichimoku and Lower Median Line of Andrew's Pitchfork.
> Resistance is at 97 (61.8% Fibonacci Retracement).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 53.94.
> Looks like a Possible Bearish Bat Harmonic Pattern with PRZ at 65.15 is forming.
> Resistance is at 55.31 (50% Fibonacci Retracement) and Lower Median Line of Andrew's Pitchfork.
> Resistance is at 55.31 (50% Fibonacci Retracement) and Lower Median Line of Andrew's Pitchfork.
> Support is at 52.30 (38.2% Fibonacci Retracement).
Friday, June 6, 2014
Global-Estate Resorts, Inc. (GERI) - June 5, 2014
Technical View
Weekly Chart
> It seems that GERI is forming a Possible Bearish Bat Harmonic Pattern with Potential Reversal Zone (PRZ) at 2.58. The PRZ coincides also with the Upper Median Line of Andrew's Pitchfork.
> Resistance is as follows:
1.99 (50.0% Fibonacci Retracement Level)
2.17 (61.8% Fibonacci Retracement Level)
2.43 (78.6% Fibonacci Retracement Level)
2.58 (88.6% Fibonacci Retracement Level)
> Support is at 1.81 (38.2% Fibonacci Retracement Level).
Relative Strenght Index (RSI) - Based on 30-Day Period.
> RSI is currently at 55.41
Weekly Chart
> It seems that GERI is forming a Possible Bearish Bat Harmonic Pattern with Potential Reversal Zone (PRZ) at 2.58. The PRZ coincides also with the Upper Median Line of Andrew's Pitchfork.
> Resistance is as follows:
1.99 (50.0% Fibonacci Retracement Level)
2.17 (61.8% Fibonacci Retracement Level)
2.43 (78.6% Fibonacci Retracement Level)
2.58 (88.6% Fibonacci Retracement Level)
> Support is at 1.81 (38.2% Fibonacci Retracement Level).
Relative Strenght Index (RSI) - Based on 30-Day Period.
> RSI is currently at 55.41
> Support is at 53.49 (61.8% Fibonacci Retracement Level).
> Resistance is at 57.87 (78.6% Fibonacci Retracement Level).
> Resistance is at 57.87 (78.6% Fibonacci Retracement Level).
Monday, June 2, 2014
Philippine Stock Exchange Index (PSEi) Update -June 2, 2014
Technical View
Daily Chart
> PSEi found support from Median Line of Andrew's Pitchfork (Yellow Green Line).
> Resistance is seen at 6756 (Kijun Sen of Ichimoku).
Relative Strenght Index (RSI) - Based on 30-Day Period.
Daily Chart
> PSEi found support from Median Line of Andrew's Pitchfork (Yellow Green Line).
> Resistance is seen at 6756 (Kijun Sen of Ichimoku).
Relative Strenght Index (RSI) - Based on 30-Day Period.
> RSI is currently at 53.29
> Found support at 50.14 (113.0% Fibonacci Extension).
> Found support at 50.14 (113.0% Fibonacci Extension).
> Resistance is at 56.95 (61.8% Fibonacci Retracement).
Friday, May 30, 2014
Philippine Stock Exchange Index (PSEi) Update -May 30, 2014
Technical View
Daily Chart
> Looks like the Median Line of Andrew's Pitchfork (Yellow Green Line) is supporting the downside. Further support is seen at 6630 (Top of the Kumo or Cloud of Ichimoku).
Relative Strenght Index (RSI) - Based on 30-Day Period> RSI is currently at 52.07
Weekly Chart
Daily Chart
> Looks like the Median Line of Andrew's Pitchfork (Yellow Green Line) is supporting the downside. Further support is seen at 6630 (Top of the Kumo or Cloud of Ichimoku).
> RSI is currently at 50.86.
> Support is seen at 50.14 (113.0% Fibonacci Extension).
Weekly Chart
> It seems that the Tenkan Sen of Ichimoku is supporting the PSEI. Further support is seen at 6482 (Top of the Kumo or Cloud of Ichimoku) and 6300 (Kijun Sen of Ichimoku) and Lower Median Line of Andrew's Pitchfork.
Relative Strenght Index (RSI) - Based on 30-Day Period> RSI is currently at 52.07
> RSI is currently at 55.23.
> Support is seen at 52.19 (23.6% Fibonacci Retracement Level).
Thursday, May 29, 2014
Philippine Stock Exchange Index (PSEi) Update -May 29, 2014
Technical View
Daily Chart
> Weaker than expected Q1 GDP downs market sentiment, PSEi falls 1.64% or 111.21 points.
> Support is seen at 6650 (50MA) and Median Line of Andrew's Pitchfork (Yellow Green Line).
Relative Strenght Index (RSI) - Based on 30-Day Period> RSI is currently at 52.07
> The 100% Fibonacci Retracement Level and Median Line of Andrew's Pitchfork is seems to be supporting the downside. Further support at 50.14 (113% Fibonacci Extension).
Daily Chart
> Weaker than expected Q1 GDP downs market sentiment, PSEi falls 1.64% or 111.21 points.
> Support is seen at 6650 (50MA) and Median Line of Andrew's Pitchfork (Yellow Green Line).
Relative Strenght Index (RSI) - Based on 30-Day Period> RSI is currently at 52.07
> The 100% Fibonacci Retracement Level and Median Line of Andrew's Pitchfork is seems to be supporting the downside. Further support at 50.14 (113% Fibonacci Extension).
#Caveat
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Wednesday, May 28, 2014
Philippine Stock Exchange Index (PSEi) Update -May 28, 2014
Technical View
Daily Chart
> Looks like the 25MA is supporting the PSEi. Further support is seen at Hagopian Line/Trigger Line (Blue Line).
> Resistance is at Lower Median Line of Andrew's Pitchfork (Red Line).
Relative Strenght Index (RSI) - Based on 30-Day Period
Daily Chart
> Looks like the 25MA is supporting the PSEi. Further support is seen at Hagopian Line/Trigger Line (Blue Line).
> Resistance is at Lower Median Line of Andrew's Pitchfork (Red Line).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 57.11
> The 61.8% Fibonacci Retracement is seems to be supporting the downside.
> Resistance at Hagopian Line. (Red Dotted Line)
> The 61.8% Fibonacci Retracement is seems to be supporting the downside.
> Resistance at Hagopian Line. (Red Dotted Line)
#Caveat
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Sunday, May 25, 2014
Holcim Philippines, Inc. (HLCM) - May 25, 2014
Weekly Chart
Technical View
> Looks like HLCM is forming a Possible Bearish Deep Crab Harmonic pattern with Potential Reversal Zone (PRZ) at 18.50 to 20. The PRZ also coincides with the Upper Median Line of Andrew's Pitchfork.
> Resistance is seen at 15.53 (88.6% Fibonacci Retracement level).
> Support is at 14 (50MA).
Relative Strength Index (Based on 30-Day Period)
> RSI is currently at 54.65.
> Resistance is seen at 54.67 (50.0% Fibonacci Retracement level). Further resistance at 56.73 (61.8% Fibonacci Retracement level).
#Caveat
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Technical View
> Looks like HLCM is forming a Possible Bearish Deep Crab Harmonic pattern with Potential Reversal Zone (PRZ) at 18.50 to 20. The PRZ also coincides with the Upper Median Line of Andrew's Pitchfork.
> Resistance is seen at 15.53 (88.6% Fibonacci Retracement level).
> Support is at 14 (50MA).
Relative Strength Index (Based on 30-Day Period)
> RSI is currently at 54.65.
> Resistance is seen at 54.67 (50.0% Fibonacci Retracement level). Further resistance at 56.73 (61.8% Fibonacci Retracement level).
#Caveat
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Thursday, May 22, 2014
Puregold Price Club, Inc. (PGOLD) Update - May 22, 2014
Technical View
Weekly Chart
> Looks like PGOLD found support at 61.8% Fibonacci Retracement Level.
> It seems that the Hagopian Line (Blue Dotted Line) is supporting the downside.
> Resistance at 42.25 (50% Fibonacci Retracement Level). Further resistance at 43.73 (38.2% Fibonacci Retracement Level).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 52.14.
> Support at 78.6% Fibonacci Retracement Level.
Weekly Chart
> Looks like PGOLD found support at 61.8% Fibonacci Retracement Level.
> It seems that the Hagopian Line (Blue Dotted Line) is supporting the downside.
> Resistance at 42.25 (50% Fibonacci Retracement Level). Further resistance at 43.73 (38.2% Fibonacci Retracement Level).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 52.14.
> Support at 78.6% Fibonacci Retracement Level.
> Resistance at 61.8% Fibonacci Retracement Level.
Previews analysis of PGOLD http://fibonaccitrader618.blogspot.com/2014/05/puregold-price-club-inc-pgold-may-19.html
Previews analysis of PGOLD http://fibonaccitrader618.blogspot.com/2014/05/puregold-price-club-inc-pgold-may-19.html
#Caveat
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Philippine Stock Exchange Index (PSEi) Update -May 22, 2014
Technical View
Daily Chart
> PSEI is up by 68.20 or 1.01%.
> It seems that PSEi found support at 25MA.
> Resistance is seen at Lower Median Line of Andrew's Pitchfork (Blue Dotted Line).
Relative Strenght Index (RSI) - Based on 30-Day Period
Daily Chart
> PSEI is up by 68.20 or 1.01%.
> It seems that PSEi found support at 25MA.
> Resistance is seen at Lower Median Line of Andrew's Pitchfork (Blue Dotted Line).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 59.18.
> The 61.8% Fibonacci Retracement is seems to be supporting the downside.
> Resistance at Hagopian Line. (Yellow Green Dotted Line)
#Caveat
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Tuesday, May 20, 2014
LT GROUP, INC. (LTG) - May 20, 2014
Technical View
Daily View
> It seems that LTG found support at Median Line of Andrew's Pitchfork.
> GAP Filled at 14.62.
> Lets see tomorrow if the Median Line of Andrew's Pitchfork will be respected and hopefully will see a rebound.
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 33.78. Support at 30.
> The Upper Median Line of Andrew's Pitchfork is acting as support.
#Caveat
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Daily View
> It seems that LTG found support at Median Line of Andrew's Pitchfork.
> GAP Filled at 14.62.
> Lets see tomorrow if the Median Line of Andrew's Pitchfork will be respected and hopefully will see a rebound.
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 33.78. Support at 30.
> The Upper Median Line of Andrew's Pitchfork is acting as support.
#Caveat
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Monday, May 19, 2014
Puregold Price Club, Inc. (PGOLD) - May 19, 2014
Technical View
Daily Chart
> Last May 13, 2014, PGOLD completed the Bearish Alt Bat Harmonic Pattern. The PRZ coincides also with the Median Line of Andrew's Pitchfork.
Weekly Chart
> Looks like the 50% Fibonacci Retracement (42.25) is supporting the downside. Further support is seen at
50MA (41.44) and Hagopian Line of Andrew's Pitchfork.
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 52.59.
> Support is at 50.
#Caveat
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Daily Chart
> Last May 13, 2014, PGOLD completed the Bearish Alt Bat Harmonic Pattern. The PRZ coincides also with the Median Line of Andrew's Pitchfork.
Weekly Chart
> Looks like the 50% Fibonacci Retracement (42.25) is supporting the downside. Further support is seen at
50MA (41.44) and Hagopian Line of Andrew's Pitchfork.
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 52.59.
> Support is at 50.
#Caveat
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Sunday, May 18, 2014
Philippine Stock Exchange Index (PSEi) Update -May 18, 2014
Technical View
Daily Chart
> Looks like the Lower Median Line of Andrews Pitchfork (Blue Dotted Lines) is supporting the downside. Further support is seen at Lower Median Line of Andrews Pitchfork (Red Lines).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 60.78
> Support is seen at Hagopian Line/Trigger Line (Yellow Green Dotted Line).
Click Here for my previous analysis.
Daily Chart
> Looks like the Lower Median Line of Andrews Pitchfork (Blue Dotted Lines) is supporting the downside. Further support is seen at Lower Median Line of Andrews Pitchfork (Red Lines).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 60.78
> Support is seen at Hagopian Line/Trigger Line (Yellow Green Dotted Line).
Click Here for my previous analysis.
#Caveat
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Saturday, May 17, 2014
Double Dragon (DD) Update - May 16, 2014
Technical View
Daily Chart
"Real Bulls Must Rest Every Once In A While. They don't just run straight up nonstop. Like athletes training for the Olympics, they need to take a breather every now and then. So they rest a little and dip a little, but in the end they keep heading higher".- Lauren Rudd
Daily Chart
"Real Bulls Must Rest Every Once In A While. They don't just run straight up nonstop. Like athletes training for the Olympics, they need to take a breather every now and then. So they rest a little and dip a little, but in the end they keep heading higher".- Lauren Rudd
> It seems that DD found resistance at 10.
> The 23.6% Fibonacci Retracement Level (@8.20) and 23.6% Fibonacci Fan is supporting the downside. Further support at the following:
@7.10 or the 38.2% Fibonacci Retracement Level and Fan.
@6.20 or the 50.0% Fibonacci Retracement Level and Fan.
@5.30 or the 61.8% Fibonacci Retracement Level and Fan.
> Beware also that there is still a GAP between 3 to 3.50 area. Take note that this will be filled in the future.
> Relative Strength Index or RSI is at 90.51 (based on 14-Day Period) which is extremely overbought.
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Disclaimer: Not a solicitation to buy or sell. Use at your own risk. This is for educational purposes only.
Friday, May 16, 2014
Double Dragon (DD) Update - May 16, 2014 10:00AM
Technical View
Hourly Chart
> DD found resistance near the 127.% Fibonacci Extension (10).
> Found Support at 70.7% Fibonacci Retracement Level (9.47).
> Bearish Evening Star CandleStick.
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Hourly Chart
> DD found resistance near the 127.% Fibonacci Extension (10).
> Found Support at 70.7% Fibonacci Retracement Level (9.47).
> Bearish Evening Star CandleStick.
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Philippine Long Distance Telephone (NYSE:PHI) Update - May 15, 2014
Technical View
Daily Chart
> PHI completed a Bearish ABCD Harmonic Pattern.
> False Breakout from Upper Median Line of Andrew's Pitchfork.
> Support at 50% Fibonacci Retracement Level. Further support is seen at 61.8% Fibonacci Retracement Level and Median Line of Andrew's Pitchfork.
> RSI is currently at 59.83 (Based on 30-Day Period). Support at 50.
Daily Chart
> PHI completed a Bearish ABCD Harmonic Pattern.
> False Breakout from Upper Median Line of Andrew's Pitchfork.
> Support at 50% Fibonacci Retracement Level. Further support is seen at 61.8% Fibonacci Retracement Level and Median Line of Andrew's Pitchfork.
> RSI is currently at 59.83 (Based on 30-Day Period). Support at 50.
#Caveat
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Thursday, May 15, 2014
Double Dragon (DD) - May 15, 2014
Technical View
Hourly Chart
DD made again another high today. There are two possible scenarios that might happen tomorrow (May 16, 2014).
First Scenario
It will continue to go up and might find resistance at 11.29 the Potential Reversal Zone of a Possible Bearish ABCD Harmonic Pattern.
Second Scenario
It will to go down and might find support at 7.97 the Potential Reversal Zone of a Possible Bullish Bat Harmonic Pattern.
#Caveat
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Hourly Chart
DD made again another high today. There are two possible scenarios that might happen tomorrow (May 16, 2014).
First Scenario
It will continue to go up and might find resistance at 11.29 the Potential Reversal Zone of a Possible Bearish ABCD Harmonic Pattern.
Second Scenario
It will to go down and might find support at 7.97 the Potential Reversal Zone of a Possible Bullish Bat Harmonic Pattern.
#Caveat
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Philippine Stock Exchange Index (PSEi) Update -May 14, 2014
Technical View
Daily Chart
> It seems that PSEi found resistance at Median Line of Andrew's Pitchfork (Blue Dotted Line).
> The Median Line of Andrew's Pitchfork (Red Line) is supporting the downside. Further support is seen at 6830 and Lower Median Line of Andrew's Pitchfork (Blue Dotted Line).
Relative Strenght Index (RSI) - Based on 30-Day Period
Daily Chart
> It seems that PSEi found resistance at Median Line of Andrew's Pitchfork (Blue Dotted Line).
> The Median Line of Andrew's Pitchfork (Red Line) is supporting the downside. Further support is seen at 6830 and Lower Median Line of Andrew's Pitchfork (Blue Dotted Line).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 64.
> The Lower Median Line of Andrew's Pitchfork is acting as support. Further support is seen at Hagopian Line/Trigger Line (Yellow Green Dotted Line).
#Caveat
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Wednesday, May 14, 2014
Puregold Price Club, Inc. (PGOLD) - May 14, 2014
Technical View
Daily Chart
> Looks like PGOLD is forming a Possible Bearish Alt Bat Harmonic Pattern with Potential Reversal Zone (PRZ) at 49.If the Bearish Alt Bat will not materialize there is a bigger pattern that is forming which is a Possible Bearish Crab with PRZ at 54.61.
> Looks like the Median Line of Andrew's Pitchfork is serving as resistance.
> Support is at 47.50 ( 100% Fibonacci Retracement Level).
Relative Strenght Index (RSI) - Based on 30-Day Period
Daily Chart
> Looks like PGOLD is forming a Possible Bearish Alt Bat Harmonic Pattern with Potential Reversal Zone (PRZ) at 49.If the Bearish Alt Bat will not materialize there is a bigger pattern that is forming which is a Possible Bearish Crab with PRZ at 54.61.
> Looks like the Median Line of Andrew's Pitchfork is serving as resistance.
> Support is at 47.50 ( 100% Fibonacci Retracement Level).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 63.50.
> Resistance at 63.91 (100% Fibonacci Retracement Level).
> Support at 60.82 (88.6% Fibonacci Retracement Level).
#Caveat
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