Philippine Stocks Exchange Index (PSEi) - November 29, 2016

The Philippine Stocks Exchange Index (PSEi) failed to break the 61.8% retracement level resistance (@6861). We might see the PSEi at  6200 to 6300 level for completion of the Bearish Bat and to fill the gap. If the Bullish Bat will not be respected the Index might go down to 5800 level for the completion of a Bullish Alt Bat.

USD/PHP Potential Bearish Crab - Novemver 25, 2016

The Philippine Peso remains weak and did not respect the Potential Reversal Zone of of a Bearish Bat (Check Here for the post http://fibonaccitrader618.blogspot.com/2016/09/usdphp-potential-bearish-bat-september.html).

We might see the USD/PHP at 56 level to complete the Potential Bearish Crab.

All Shares Index Bullish 5-0 - November 20, 2016

The All Shares Index respected the PRZ of a Bullish 5-0. Resistance is seen at 4350.

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Philippine Stocks Exchange Index (PSEi) - October 16, 2016

PSEi Monthly Chart
PSEi is being supported by the Tenkan Sen. If this will not hold next support is seen at Kijun Sen at 7110.

Philippine Stocks Exchange Index (PSEi) - October 12, 2016 Update 1

It seems that the PSEi respected the 7400 level. It went down up to 7393.51 but manage to close to 7429.82.See previous analysis here http://fibonaccitrader618.blogspot.com/2016/10/philippine-stocks-exchange-index-psei_9.html

Philippine Stocks Exchange Index (PSEi) - October 9, 2016

Let's See if the Trendline will hold or else welcome 7400. 7400 level is also in confluence with 61.8% Fibonacci Retracement Level.

Philippine Stocks Exchange Index (PSEi) - October 4, 2016

If PSEi stays above the RSI Trendline and at 7730, this may go to 7880. If 7880 is broken, then they might push it up to 8050.

Alsons Consolidated resources Inc., (ACR) - October 4, 2016

If 1.70 is taken out, they might push this up to 1.90 to 2 area. Cut below 1.55.

British Pound / Philippine Peso (GBPPHP) Potential Bullish Crab - October 3, 2016

If 60 will not hold, GBPPHP might go down up to 51 area for the completion of a Bullish Crab Harmonic Pattern.

Calata Corporation (CAL) - October 2, 2016

If the bulls breaks 3.30, then they might push this up to 3.60 to 3.90. Cut if goes below 3.10.

Financial Times Stock Exchange 100 Index (FTSE 100 Index) Bearish Bat PRZ Retested - October 2, 2016

The Financial Times Stock Exchange 100 Index (FTSE 100 Index) at London Stock Exchange retested the PRZ of a Bearish Bat at 6934.69.

Deutsche Bank AG NA ON (DBK.DE) - Potential Bullish Butterfly - October 2, 2016

Deutsche Bank AG NA ON (DBK.DE) is seems to be forming a Potential Bullish Butterfly  with PRZ at BC Projection at 7.90 and XD at 2.52.

WTI Crude Oil - Potential Bearish Butterfly - October 2, 2016

It seems that WTI is forming a Potential Bearish Butterfly that aims to be finished at 55. There is also a Symmetrical Triangle Breakout.

Double Dragon Properties Corp., (DD) - October 1, 2016

If they will break 60, the bull might push this up to 67. If 67 is broken, welcome 72.70  to 76. Cut if goes below 53.50.

Xurpas Inc. (X) - October 1, 2016

If the price manage to hold above 14.50 area and breaks 15.25, they might push this up to 16.30 to 17.20 area. Cut below 14.

All Shares Index - October 1, 2016

If 4500 will not hold, Welcome 4200 - 4100.

DOW Jones Rising Wedge - October 1, 2016 Update 1

As expected DJIA bounced at the 100 MA and Lower Trendline of the Rising Wedge. DJIA also having a hard time in breaking RSI Trendline resistance. (See Previous Article Here http://fibonaccitrader618.blogspot.com/2016/09/dow-jones-rising-wedge-september-25-2016.html)

USD/PHP Potential Bearish Bat - September 27, 2016

The Philippine Peso remains weak against the US Dollar. If USD/PHP breaks 48.35, the bulls might push this up to 49 for the completion of a Bearish Bat Harmonic Pattern.

Union Bank of the Philippines (UBP) - September 25, 2016

It should not go below 73. If the Bulls Breaks 74, they might push it to 78-80 Level.

Nickel Asia Corporation (NIKL) - September 25, 2016

The Bulls already broke the 6.80 Resistance area. They might push this up to 8.30 to 8.50 region. Cut below 6.15.

Philex Mining Corporation (PX) - September 25, 2016

The Bulls should challenge 8.80 to 9 area for a minimum target of 10.  If 10 is taken out they might push this up to 11 to 11.20 area. Cut if goes below 8.

DOW Jones Rising Wedge - September 25, 2016

The Dow climbed 98 points the day after FED decided  to keep the interest rates steady.  DOW found resistance at the RSI Trendline and It might challenge again the 100MA and the Lower Trendline of the Rising Wedge.

USD/PHP and PSEi Inverse Relationship - September 24, 2016

If you look at the chart there is a inverse relationship between USD/PHP (Red line) and PSEi (Blue Line) or the Philippine Stock Exchange Index. The PSEi is going down while the USD/PHP is going up.

Philippine Peso (PHP) Remains Weak against US Dollar (USD) - Update 1

Looks like USD/PHP respected the PRZ of a Bearish ABCD that we identified but the higher trendline is supporting it from going down further. Check here http://fibonaccitrader618.blogspot.com/2016/09/philippine-peso-php-remains-weak.html.

Vitarich Corporation (VITA) - September 18, 2016

If VITA Breaks 2.67 to 2.70 area and stays above that range the bulls might push this up to 2.97 to 3.10. This might overshoot up to 3.78 if 3.10 is taken out.

Apex Mining Company, Inc. (APX) - September 18, 2016

The Bears are still in control but the Bulls might fight at 2.60 to 2.67 area.
Olats if it will go below 2.50.

Prime Onions Philippines, Inc. (POPI) - September 18, 2016

Check if it Breaks 2.07 - 2.10. It might go up to 2.20 - 2.25 range.

Pryce Corporation (PPC) - September 18, 2016

It must take out 3.55 and might challenge 4 to 4.15 area.

WTI Crude Oil - Potential Bullish Gartley - 9-18-2016

It seem's that WTI is forming a Potential Bullish Gartley with PRZ at 41.34.

PSEi Stocks Year to Date Returns as of September 16, 2016

PSEi Stocks Year to Date Returns as of September 16, 2016

PSEi Moves Back Above 100 MA - September 15, 2016

PSEi closes at 7708.42 up by 162.41 points or 2.15%. Value turnover was at 8.039 Billion. Index Gainer : PCOR, DMC, AEV, JGS, BPI, BDO, SMPH and AP.

If you look at the daily chart PSEi move back above 100MA.

On the 5 minutes chart PSEi respected the Bullish Crab Harmonic Pattern. A Bullish Divergence also was also spotted.

EEI Corporation (EEI) Potential Bullish Alt Bat - Potential Bullish Alt Bat

Look at the 7 area which is the Potential Reversal Zone of Bullish Alt Bat of  for possible bounce.

Cement Holdings Philippines Inc (CHP) Potential Bullish Gartley - September 14, 2016

Watch out 11.10 to 11.26 area for this is the PRZ of a Bullish Gartley.

Xurpas Inc. (X) Potential Bullish Bat - September 14, 2016

Xurpas Inc. (X) is forming a Potential Bullish Bat that aims to be completed at 12-30 to 12.70 area. Watch out this level.

DOW Jones Moves Back Above 100 MA - September 12, 2016

DOW Jones is up by +239.6points or  +1.32% and again trading above 100MA. US equities rebounded after the dovish speech from Federal Reserve Governor Lael Brainard. Brainard, a voting member of the Fed's policymaking committee, said she remained concerned about the impact that global difficulties would have on the U.S. economy and warned against hiking rates too soon.

Dow Jones Potential Bullish Shark - September 12, 2016

Dow Jones is down by -394.46 points or (-2.13%) on concerns that FED may raise interest on the 21st. DOW Futures as of today is -436 points or -2.37%.

DOW is currently at 100MA and there is a potential Bullish Shark Harmonic Pattern that is forming that aims to be completed at 15760 level.

Philippine Peso (PHP) Remains Weak against US Dollar (USD)

US Dollar (USD) is getting stronger against the Philippine Peso (PHP). As per technical of view there is a Emerging Bearish ABCD that is forming with Potential Reversal Zone (PRZ) at 47.88. Resistance is seen at 47.25 and support at 47.03.

RSI is approaching at trendline resistance.

EURUSD Ascending Channel on Monthly Chart - September 11, 2016

EURUSD completed a Bearish Three Drives last July 31, 2008. Currently above the Trendline of the Ascending Channel.

PSEi Accumulation Cylinder with Widening Mouth by Jesse Livermore

PSEi Accumulation Cylinder with Widening Mouth by Jesse Livermore

EURUSD Potential Bearish Gartley - June 14, 2016

EURUSD might go up to 1.1464 - 1.1527 area which is the completion of a Bearish Gartley Harmonic Pattern. If the pattern is respected at the completion of the pattern then short this pair.

XAU/USD Head and Shoulder - June 13, 2016

It seems that XAU/USD is forming a Head and Shoulder. It this Head and Shoulder materialize the possible target price is at 1100.

Bitcoin/Dollar (BTCUSD) Emerging Bearish Shark - June 12, 2016

Bitcoin/Dollar (BTCUSD) is forming a Potential Bearish Shark with estimated Target around 1070 the PRZ aka completion of a Bearish Shark Harmonic Pattern.

Cisco Sys Inc. (CSCO) Emerging Bullish Shark - June 10, 2016

Cisco Sys Inc. (CSCO) seems to be forming a Potential Bullish Shark. Short at 29 with a Target Price at 23.20 the Potential Reversal Zone of A Bullish Shark. Cut loss level above 30.50.

Nike Inc. (NKE) Emerging Bullish Gartley - June 9, 2016

Nike Inc. (NKE) is forming a Potential Bullish Gartley that aimsto be completed around 51.70. Buy between 51.50 to 51.70 area with a Target Price around 58. Cut loss below 49.50. Caveat.

HealthEquity Inc. (HQY) Potential Bearish Bat - January 8, 2016

Buy HealthEquity Inc. (HQY) if it breaks the  61.8% Fibonacci Retracement Level with a Possible Target Price at the Potential Reversal Zone of a Bearish Bat Harmonic Pattern or at 33.50. Cut if it goes down below 50% Fibonacci Retracement Level. Risk reward ratio at 2.27. Caveat!!!

Twitter Inc., (TWTR) Bullish Butterfly - June 7, 2016

Twitter Inc., (TWTR) Bullish Butterfly