PSE Ticker

Wednesday, April 16, 2014

GERI to retest it's support again?

GERI showed some bullishness early morning of Tuesday but later on, the bears were so strong and it closed with a -3.43% at 1.97. Based on the daily chart below, you will see that GERI wasn't able to pass it's resistance at 2.12. This means that it may have to retest its last support at 1.91.  RSI is not yet overbought and all ichimoku indicators are still in green sign. Any pullback may be an opportunity to buy.

Caveat


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