Thursday, April 24, 2014

Phoenix Petroleum Philippines, Inc. (PNX) - April 24, 2014

Technical View
Weekly Chart
> Looks like PNX is forming a Potential  Bearish Crab Harmonic Pattern with Potential Reversal Zone (PRZ) at 6.79.
> Resistance at 141.0% Fibonacci Extension and Median Line of Andrew's Pitchfork.
> Support at 127.2% Fibonacci Extension.
> RSI is currently at 57.60 (Based on 30-Day Period). Resistance at 60.


















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