Sunday, May 4, 2014

ABOITIZ POWER CORPORATION (AP) - May 4, 2014

Technical View
Daily Chart
> AP just completed Bullish Gartley Pattern. (Credit to this blog http://chamberongtrader.wordpress.com/2014/04/29/ap-daily-4292014-bullish-gartley-pattern).
> The 61.8% Fibonacci Fan is acting as support.
> Resistance at (38.27) 38.2% Fibonacci Retracement,(39.10) 50.0% Fibonacci Retracement and (39.93) 61.8% Fibonacci Retracement.
> GAP between 39.85 to 38.90. (To be sealed in the near future)
> Bullish Divergence
> RSI is currently at 46.17 (Based on 30-Day Period).


















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