NRCP - Support at 2.6; resistance at 2.95- April 12, 2008 NRCP = 2.65 (+1.90%)NRCP formed a white candle. Volume continues to decrease.NRCP seems to be testing support at 2.6. I hope the support holds.Fibonacci Retracement: more than 61.8%. Unhealthy retracement. NRCP will find it difficult to achieve the similar high formed by the previous rally or uptrend.32MA acting as level of resistance.MACD: MACD crossed below signal line above the zero level to signal sell long.NRCP weekly: formed another black candle with lower low and lower high.Rally or.http://technicalinsider.blogspot.com/2008/04/nrcp-support-at-26-resistance-at-295.html DJIA weekly - testing resistance at 12,800- April 12, 2008 DJIA weekly formed a black candle with higher low. Volume decreased slightly.DJIA seems to again test the resistance at 12,800DJIA weekly seems to be rallying or trending up as it continues to form higher lows.Good luck to all traders!http://technicalinsider.blogspot.com/2008/04/djia-weekly-testing-resistance-at-12800.html PSEi weekly - bearish engulfing- April 12, 2008 PSEi weekly formed a black candle with lower high and lower low.PSEi weekly seems to have formed a top for the recent rally or uptrend.A reversal pattern: the bearish engulfing seems to have been formed. It will be confirmed by the formation of a lower low and lower high for the next trading week.PSEi seems to be forming an aggressive supply or resistance line.PSEi seems to be headed to test the possible aggressive demand line.Careful traders...http://technicalinsider.blogspot.com/2008/04/psei-weekly-bearish-engulfing.html ATN - possible top- April 12, 2008 ATN = 5.0 (-2.0%)Daily: ATN formed a black candle with lower low and lower high. Volume continues to decrease for the 4th trading day.ATN seems to continue to be forming lower highs. Caution should be exercised as ATN might be correcting as in the short term.Support might be felt at 4.9Weekly: ATN formed a black candle with higher high and higher low.It is uncertain whether the black candle is signaling a top for the uptrend of ATN. If it is the top of the uptrend a correction towards 4.02,..http://technicalinsider.blogspot.com/2008/04/atn-possible-top.html DJIA - fell 2%- April 12, 2008 DJIA = 12,325.42 (-2.04%)DJIA formed a black candle with lower low and lower high. Volume continues to increase.DJIA trying to find level of support. Support might be felt at the 12,100... ouch!Looks like it will be a bloody monday once again for the local market... ouch!Careful traders...--http://technicalinsider.blogspot.com/2008/04/djia-fell-2.html PSEi - 6th black candle- April 12, 2008 PSEi = 2940.98 (-0.50%)PSEi again formed another black candle but with higher low and higher high. Volume increasing.There seems to be a support level forming at 2932. I hope it holds :)32MA still acting as level of resistance.Parabolic SAR still signaling a possible rally or uptrend.Good luck to all traders!http://technicalinsider.blogspot.com/2008/04/psei-6th-black-candle.html DJIA - black candle- April 10, 2008 DJIA = 12,527.26 (-0.39%)DJIA forming a black candle with higher low and lower high. Volume relatively unchanged.I hope DJIA continues to form higher lows as it signifies a rally or an uptrend.Good luck to all traders...http://technicalinsider.blogspot.com/2008/04/djia-black-candle.html PSEi - 4th black candle- April 10, 2008 PSEi = 2961.78 (-0.60%)PSEi again formed a black candle with lower low and lower high. Volume continues to decrease.32MA still acting as a level of resistance.PSEi correcting or trending down to test support levels.Good luck to all traders...http://technicalinsider.blogspot.com/2008/04/psei-4th-black-candle.html GMAP - trying to close previous gap down- April 9, 2008 GMAP = 7.5 (+1.4%)GMAP formed a white candle with higher high and lower low. Volume increased significantly.GMAP trying to close previous gap down.Good luck to all GMAP traders!http://technicalinsider.blogspot.com/2008/04/gmap-trying-to-close-previous-gap-down.html DJIA - 3rd black candle- April 9, 2008 DJIA = 12,576.44 (-0.29%)DJIA forming a 3rd black candle with lower low and lower high. Volume decreasing.Good luck to all traders!http://technicalinsider.blogspot.com/2008/04/djia-3rd-black-candle.html |