Technical Insider

RLC = 13.75 ( 7.8% ) RLC formed a gap up white candle. Volume decreasing. RLC was able to hit the parabolic SAR to possible signal a reversal of the trend towards bullishness. RLC must form higher highs and higher lows to confirm this trend. Good luck to all RLC traders! NEWS from Citiseconline and Technistock: RLC-HLDD development leads in Laoag City Brighton Parkplace, a Robinsons Land Corporation - Housing and Land Development Division (RLC-HLDD) housing development in Barangay Araniw Laoag City recently held a milestone event with local officials in attendance. This significant affair marks the aggressive development of the project that is presently well under way. Laoag City Vice Mayor Eddie Domingo and Building Official Engr. Ulderito Root, together with RLC-HLDD Officers Marilu M. Alferez, senior vice president and general manager, Manuel P. Deus Jr, vice president for control and administration, Engr. Brigido Calayan, vice president for construction, and Eduardo Fabella, head...

MER = 79 ( 6.8% ) MER formed a gap up white candle. Huge volume, biggest since 6 december 2007. MER possible resistance at 79. MER moved above 65MA and 32MA. Bullish in the short and mid term. MER forming an island reversal? MER hit the parabolic SAR on 24 january 2008 to signal possible uptrend. Might have confirmed uptrend today by formation of gap up and significant increase in volume. 130MA might be a level of resistance. 80.5 might be a level of resistance. Good luck to all MER traders!

PSEi = 3237.41 ( 2.9% ) PSEi formed a gap up white candle. Volume decreasing slightly PSEi seems to have formed an island reversal pattern. PSEi has crossed above the resistance line of the RSI. Bullish. I hope PSEi continues to gap up or form higher highs and higher lows. Good luck to all traders!

Notes at the Open DJIA up by 0.88% PSEi up yesterday by 2.9% PSEi gap up yesterday MER seems to open gap up; mer hit parabolic sar yesterday to signal uptrend Watch GEO DIZ hit parabolic sar yesterday to signal uptrend MER higher high; possible resistance at 79-80.5; forming long white candle; possible gap up GEO higher high DIZ higher high; possible resistance at 7.2 NRCP higher high BDO higher high

Notes at the Open DJIA up by 0.88% PSEi up yesterday by 2.9% PSEi gap up yesterday MER seems to open gap up Watch GEO MER higher high GEO higher high DIZ higher high

DJIA = 12,378.61 () DJIA forming a 3rd white candle with higher low and higher high. Volume seems to be decreasing. I hope DJIA continues to form higher lows and higher highs. Good luck to all traders!

DIZ = 5.9 ( 20.4% ) DIZ formed a gap up white candle. Volume nearly triples previous day's volume. DIZ closed previous gap down. DIZ on its way to test resistance at 130MA? Good luck to all DIZ traders!

GEO = 1.32 ( 10.0% ) GEO formed a gap up white candle. Volume decreasing. GEO seems to be forming an island reversal pattern. Will be confirmed if GEO continues to gap up or form higher lows and higher highs. Good luck to all GEO traders!

NRCP = ( 3.8% ) NRCP formed another white candle with higher high and higher low. Volume decreasing. NRCP, after forming a new all time low at 2.55, has been forming higher lows and higher highs. Note: RSI of NRCP did not produce a new lower low despite price forming a new all time low. Divergence? Good luck to all NRCP traders!

BDO = 53 ( 5.0% ) BDO formed another white candle with higher low and higher high. Volume almost triples previous trading day's volume. I hope BDO continues to form higher lows and higher highs. Good luck to all BDO traders!

MER = 74 ( 4.2% ) MER formed a white candle with higher low and higher high. Volume increasing. MER was able to close previous gap down. MER moved above possible resistance level at 72. I hope MER continues to form higher lows and higher highs. Nice to note that MER for the past 3 trading days was able to for lows at the previous trading day's high. Good luck to all MER traders!

PSEi = 3147.42 ( 2.9% ) PSEi formed a gap up white candle. Volume increased slightly. PSEi trying to move above the 38.2% fibonacci retracement level for the recent downtrend. A >61.8% retracement would be unhealthy for the recent downtrend. RSI of PSEi about to test resistance line. I hope it does. Good luck to all traders!

DJIA = 12,270.17 DJIA forming another white candle with higher low and higher high. Volume increasing. DJIA forming a top shaven white candle. Bullish. Good luck to all traders

MER = 71 MER formed a doji with higher low and higher high. Volume decreasing. MER forming resistance at 72. Disclosure: bought MER at 71. I hope MER continues to form higher highs and higher lows. Good luck to all MER traders!

BDO = 50.5 BDO formed a white candle with higher low and higher high. Volume decreasing. BDO seems to be forming support at 50 and resistance at 52.5. RSI recovering from being oversold. I do hope support is respected... Good luck to all BDO traders! Disclosure: bought BDO at 50

PSEi = 3058.26 () PSEi formed a white candle with higher low and lower high. Volume seems to be decreasing. PSEi is feared to have been a victim of the dead cat bounce... Which can only mean that the recent downtrend is said to be intact... Sad news... But it will only be confirmed if PSEi fails to continue to form higher lows. PSEi still oversold if we look at the RSI, but then again RSI is not that reliable if there is a trend. Careful traders...