PSE Ticker

Tuesday, June 17, 2014

Did DAVIN hit the 4.56 resistance?

Yesterday DAVIN showed a strong opening at 4 and closed with a 20.27% gain. It's highest price reached the 261.8% resistance but was not able to closed above it. Observe on the daily chart below, the RSI (Relative Strength Index) also touched the resistance slope (purple line) which indicates a sell signal. Also its current value is in overbought at 81.18. Take note that DAVIN leave a huge gap below and can attract the price to seal that gap.


Let's see what will happen today.

Caveat!




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