Technical Insider

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 Uptrend failed to move above a possible resistance at 2.95. Corrected more than 61.8% of the Fibonacci retracement level. Unhealthy retracement. Rally or uptrend less likely to occur following drastic correction. Seems to be forming aggressive supply or resistance line. Careful NRCP traders...

DJIA weekly formed a black candle with higher low. Volume decreased slightly. DJIA seems to again test the resistance at 12,800 DJIA weekly seems to be rallying or trending up as it continues to form higher lows. Good luck to all traders!

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...

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 4.9 Weekly: 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, the 38.2% fibonacci retracement level, would be healthy and would be a good price to buy ATN again after hopefully selling at the possible high of 5.4 Careful ATN traders...

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...

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!

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...

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...

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!

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!

PSEi = 2981.12 (-0.10%) PSEi formed a 3rd black candle with lower high and lower low. Volume decreasing. 32MA serving as a level of resistance. Good luck to all traders!