Support levels are at 7,656 and 7,500.
Resistance is seen at 7,800.
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Showing posts with label Chart Review. Show all posts
Showing posts with label Chart Review. Show all posts
Tuesday, August 7, 2018
Chart Review - Philipppine Stock Exchange Index (PSEi) and the 161.8% Golden Ratio
The Philipppine Stock Exchange Index (PSEi) is down today by -91.46 points or -1.17%. As per Technical Analysis the index just respected the 161.8% Golden Ratio. If we don't go back above 8 EMA on the coming days we might retest 7,500and if we stay above 7,500 level the index might go back to 8,000 level this year.
Support levels are at 7,656 and 7,500.
Resistance is seen at 7,800.
Support levels are at 7,656 and 7,500.
Resistance is seen at 7,800.
Monday, August 6, 2018
Chart Review - What Happen why TBGI went Down?
I will explain it through Technical Analysis
1. Completed a Bearish Alternate 161.8% ABCD (Respected The 161.88% Golden Ratio)
2. There is a Bearish Divergence between the indicator (CCI) and the price.
3. It might retest the Neckline of the Cup and Handle which is 80% happen after breakouts.
This just a normal retracement and I think it's an oppurtunity to buy at lower prices.
1. Completed a Bearish Alternate 161.8% ABCD (Respected The 161.88% Golden Ratio)
2. There is a Bearish Divergence between the indicator (CCI) and the price.
3. It might retest the Neckline of the Cup and Handle which is 80% happen after breakouts.
This just a normal retracement and I think it's an oppurtunity to buy at lower prices.
Technical Analysis For Forex, Cryptocurrency and Stocks.
No Hype ... No Tsismis ... No Drama .... Just Chart !!!!
Please Join My Discord Channel : https://discord.gg/c7r4RBU
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