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).


















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