Weekly Chart
Technical View
> Looks like HLCM is forming a Possible Bearish Deep Crab Harmonic pattern with Potential Reversal Zone (PRZ) at 18.50 to 20. The PRZ also coincides with the Upper Median Line of Andrew's Pitchfork.
> Resistance is seen at 15.53 (88.6% Fibonacci Retracement level).
> Support is at 14 (50MA).
Relative Strength Index (Based on 30-Day Period)
> RSI is currently at 54.65.
> Resistance is seen at 54.67 (50.0% Fibonacci Retracement level). Further resistance at 56.73 (61.8% Fibonacci Retracement level).
#Caveat
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A Technical Analysis of the Financial Market Using Fibonacci, Elliott Wave, Andrew's Pitchfork, Ichimoku, Moving Average and Different Chart Patterns
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Showing posts with label HLCM. Show all posts
Showing posts with label HLCM. Show all posts
Sunday, May 25, 2014
Monday, April 7, 2014
Holcim Philippines, Inc. (HLCM) - April 7, 2014
Technical View
Weekly Chart
>Looks like HLCM is forming a Possible Bearish ABCD with a Potential Reversal Zone (PRZ) at 16.50. The PRZ is in confluence with the Median Line of Andrew’s Pitchfork that will act as resistance. Check the Yellow Oval.
>There are four Resistance that HLCM encountered First is 38.2% Fibonacci Retracement second is the Median Line of mini pitchfork the third is 20MA and the fourth one is 50MA. See the Green Oval.> Support is the lower Median Line of Andrew’s Pitchfork.
> RSI is 50.73.
#Caveat
Like us on Facebook : www.facebook.com/FibonacciTrader
Disclaimer: Not a solicitation to buy or sell. Use at your own risk.
Like us on Facebook : www.facebook.com/FibonacciTrader
Disclaimer: Not a solicitation to buy or sell. Use at your own risk.
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