Broke one floor, but no trend present yet because we need atleast 2 cycles to confirm. It could still go up and break the upper circle. But if it makes another cycle down, then we're in for a down trend. It'll take a few more days to confirm.
All news prices. Break in highs atleast 2. 3rd as confirmation. A possible 4th one again in the future. To add from our previous posts if weekly is trending up, and daily the bars are trending up, where daily is trending up and past bars also trending up. Then most likely the prices will go up. And before January ends, prices will go to a new...
All news priced in, weekly tells us if you connect the bottom close and latest opening, you can see a generalised idea of uptrend. And prices above it, being over bought and that below it, being over sold. As it continues to go up, the close information helps us plan for the months ahead of trading. If weekly is in an uptrend, its very likely that daily would...
In the short run, prices are volatile but all news is priced in the technicals. Steady improvement as prices is above yesterday's close confirming our original analysis that prices are going long. Daily confirmation to check and each increase increments to a possible new high.
All news priced in. Trending until price failed to pass ceiling, and floor repeatedly broken daily. Not to mention shooting stars. Trust the technicals it'll go down
Classic prive breaking floor. Should fall before December ends. All news priced on the technicals
A text book example of trending up. Be guided by the charts. Only tedt Is the last peak. Which may be toppled before January.
Sentiment on Chinese yuan because of difficulty in dealing with the Chinese covid situation and lock downs. When rest of the world is normalising and recovering. The Chinese could use the help of other nations and that would improve their situation. Else, my sentiment based on this chart, won't change. I feel they will test that support and bounce further up.
Sentiment because of the strike and patent infringement may cause a downtrend if support is broken.
New board member will be testing the sentiment of owners. Price action faces resistance on the new lower low. Failing to breach may end up in a new short trend.
Basic down trend pattern. The pull backs are not passing the previous ones.
Previous higher low resistance was broken. Possible it'll go down.
Text book basic uptrend. No lows broken. Possible phase 1.
Basis. Holidays season for xpats to send dollars to Filipinos. Thus changing a lot of Usd to php. Because of holiday, Filipinos spend to celebrate. Because of spending goods and services increase in demand. A positive outlook. Technicals show divergence in favor of the above.
Xmas season causing spending causing spike for demand for good and services causing overall outlook for companies to increase. Price action is consolidating just in time for a break for a long direction. And candle marking a hammer is forming.
Current price becoming an inverted hammer. Enough supply for selling.
Price is testing the resistance. My bias is still on short. Until we're out of this area. X marks the spot
Price near support and resist trend lines. May go down.