Lamia pa unta ipuno URC ug AGI... hayzzz. smph nalng![]()
MEG broke away from the downward channel we saw since it drop last November. Is it going to be the start of the new trend for MEG? Current support will be the slope and this might be tested soon. Notice that Kijun Sen is moving in horizontal fashion and may attract the price of MEG, thus continuing to move upward. Will it reach 3.45? Monitor this line since it might also move away from current direction.
As of this time we don't see any bullish signal from Ichimoku system so just be cautious.
Caveat!
MEG breaking downward channel?
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The Piercing Line we saw last Friday marks the ascend of AGI for two straight days and as we mentioned, the Kijun Sen line which moves in horizontal fashion attracts the price to come near to it. This is currently our resistance. At this time one should take extra careful as AGI might start to feel tired although RSI is still not in an overbought level. In case price will continue to move upward, the next resistance will be the cloud. For those who were holding AGI, it wont hurt to take profit tomorrow.
No bullish signal from Ichimoku system yet. A break from Kijun Sen will show us a weak bullish signal but that is yet to be seen.
Caveat!
AGI went up following the Piercing Line
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Be careful lang karon. US Fed meeting plus other markets dropped. EPHE dropped by -0.10% as well.
Though this may open up buy opportunities, we might get better ones in the next few days.
banat pa gihapon AGI and URC..puro na timing nga nag rebalance ko last week while most were in my buying range![]()
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