PSE Ticker

Friday, February 28, 2014

A reversal for PX?

Today we saw that PX started to move after hitting the 100% fibo line. Last candlestick seen is a hammer which indicates a reversal for this stock. Observed that it's highest price hit also the current resistance at 8.58 which is the 78.6% of fibo line. Currently the RSI is still at oversold level which gives plenty of room for this stock to go up if an uptrend will be confirmed this Friday 02-28-2014.

Buy or sell recommendation? It's all up to you. :)




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