Reference Chart – SUN

November 13, 2013 at 2:24 pm Leave a comment

Previously …. pls type “SUN” at search box to check previous post 🙂

Daily Chart. The spike was met with rsi 50 level and 50ma resistance. Coming from a low of 0.87, profit taking is setting in. 1.04 being a pivot is SUN’s defense to keep momentum going. Break below 1.04, we might see the gap theory scenario if filling the gap.

SUN weekly
Level 50 is a hard core support. We always take note that in the even of a burst (rsi breaking 70 level) and the stock’s price plummeted coming from a high rsi environment, it is likely that a window of opportunity will arise at rsi’s level 50 to 52. SUN was no exception. I am the exception as i missed it. where was i when it happened. nak ng…


Entry filed under: Phisix's Closet (PSEi). Tags: , , , , , .

Reference Chart – SECB Parabolic High Risk – LMG

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