HOUSE bounced from the 78.6% Fibonacci level (7.98 pesos). Last candlestick seen last Friday showed a bullish sign. Will this be enough to break the last resistance at 8.77 pesos and go forward to reach 9 pesos?
RSI or Relative Strength Index is 64 which is far from overbought and has more room to go just like what it did when it reached it's highest RSI value at 80.72.
So far, overall trend of this stock is still in bullish mood.
Caveat!
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