RSS

LR – Potential Bearish Butterfly [Concept]

24 Jul

Potential Bearish Butterfly


LEISURE & RESORTS WORLD CORPORATION (PSE:LR)Just a closer look of the weekly chart posted days ago. Prices have breached the 38.2% retracement, our next PRZ wil be around P9.75 – P10.00.

Other technical note:

Other Technical Indicators

Also, 130-d MA is trending up. Watch this as a toss-up might occur neasr there. Lets wait for a reversal candle first.

Advertisements
 
Leave a comment

Posted by on July 24, 2011 in Bearish Butterfly, LR

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: