Wednesday, May 7, 2014

iShares MSCI Philippines ETF (EPHE) - May 6, 2014

Technical View
Daily Chart
> EPHE found resistance at 88.6% Fibonacci Retracement and Lower Median Line of Andrew's Pitchfork.
> The latest candlestick is a Gravestone Doji which is as Bearish Sign.
> Looks like EPHE is forming a Possible Bullish ABCD Harmonic Pattern with Potential Reversal Zone (PRZ) at 34.42.
> Support at 35.69 or the 38.2% Fibonacci Retracement level and Hagopian Line (Blue Dotted Lines) of Andrew's Pitchfork.






















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