Monday, June 9, 2014

Philippine National Bank (PNB) Update - June 9, 2014

Technical View
Weekly Chart
> Looks like PNB is forming a Potential Bearish Gartley Harmonic Pattern with PRZ at 105.87. Click here for previous analysis.
> Support is at 91 (50% Fibonacci Retracement), Top of the Kumo or Cloud of Ichimoku and Lower Median Line of Andrew's Pitchfork.
> Resistance is at 97 (61.8% Fibonacci Retracement).

Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 53.94.
> Looks like a Possible Bearish Bat Harmonic Pattern with PRZ at 65.15 is forming.
> Resistance is at 55.31  (50% Fibonacci Retracement) and Lower Median Line of Andrew's Pitchfork.
> Support is at 52.30 (38.2% Fibonacci Retracement).



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