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
Like us on Facebook : www.facebook.com/FibonacciTrader
Disclaimer: Not a solicitation to buy or sell. Use at your own risk. This is for educational purposes only.
Like us on Facebook : www.facebook.com/FibonacciTrader
Disclaimer: Not a solicitation to buy or sell. Use at your own risk. This is for educational purposes only.
No comments:
Post a Comment