Reference Chart – FLI (Trading the RSI Support)

November 21, 2013 at 12:50 pm Leave a comment

yesterday we feature FLI as likely candidate to do a bounce play.
Here’s the latest. take note this is a weekly chart. RSI weekly coming from above 50 without a breather ans is now facing a nice previous RSI low at 41.63. Current readings at price of 1.37 pegs the RSI at 42.18. The idea is this… since rsi weekly dropped continuously from 51+, there is some sort of a momentum fading so to speak. The selling pressure since FLI was at RSI 51 weekly may falter as it faced a nice support found at its previous RSI low at 41.63..
To sum it up.. there’s a big chance na pagod na rin to mag patuloy ng bagsak since walang pahinga ang pag drop nito mula pa noong 51+ ang RSI nya. Then may makabangga syang maganda RSI support. So the tendency to bounce back have a good chance to prosper. Still, please do you own due diligence.

fliweekly11212013

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

And they are smart Interim Scorecard 3Q 2013 Results

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