PSE Ticker

Tuesday, February 11, 2014

TA found support at 23.6 Fibonacci Retracement

This stock found support at 23.6% Fibonacci level which is also where the SenkouSpan B resides. This can be a strong support because we got the Fibo and Kumo acts as a support. If you observe, the Kijun-sen is pointing up which can be a good sign. Tenkan-sen on the other hand is at 1.83 which can be our secondary support if the price breaks the Kumo. But if this stock continue to go up this week, we can possibly hit 2.04. RSI is still healthy at 60 so it still has some room to go up.


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