Fibonacci and Clouds 21 February 2016

FIBONACCI AND CLOUDS - THE NEWSLETTER February 14, 2016

TECHNICAL ANALYSIS USING FIBONACCI AND CLOUDS

PSEi (PSE Index)

The index managed to break our identified resistance and ended up 10 points lower than the high at 6880 (our analysis is 6870). The updated chart above showed how the PSEi reacts after testing the lower fan line of the Fibonacci Fan (encircled in Red). However, i am having mixed signals here, albeit the potential to go down just like the previous, is showing the possibility to reach 6940 to 6990. Should the fan line gets respected, initial support to watch is 6700, and should this hold, the above mentioned upside may still materialise. Failure to reach 6950, at least, or hold 6700 support, this could send this down to 6470.

Observe and act accordingly based on your trading plan.

Ichi Moku www.iamichimoku.com �1

http://www.iamichimoku.com


Please find below list of securities that are showing some potential movement in the coming week/s. You can refer to previous weeks’ newsletters to refer to those securities that may continue movement this week, if any. Observe and act accordingly based on your trading plan.

Ticker Price Resistance Target Price (Initial/Maximum)

Cut Loss

ABS 54.3 54.8 56.7 53.8

ALT 3.74 3.8 4.02 3.56

ANI 5 5.13 5.7 4.87

BEL 3.01 3.21 4.11 2.94

EDC 5.82 5.86 6.02 5.72

FGEN 21.1 21.2 22.3/23.2 20.3

IS 0.165 0.172 0.36 0.15

JFC 217.8 218 227/233 211

LBC 8.8 9.05 10.5 8.3

LMG 1.9 1.91 2.15 1.8

LPZ 5.57 5.88 6.4 5.4

MARC 1.81 2.01 2.37 1.73

NOW 0.73 0.764 0.84 0.68

PGOLD 34.1 34.4 39.2 33.4

PNB 52.4 53.2 58/69 50.8

PNX 3.75 3.82 5 3.62

PSPC 1.56 1.73 1.9/2.3 1.51

PXP 1.81 1.84 2.13/4.3 1.7

RRHI 63 63.5 68 61.4

SFI 0.151 0.157 0.167 0.149

UNI 0.29 0.31 0.34 0.28

VUL 1.04 1.05/1.1 1.23 1.0

X 13.58 14.1 15 13.3




Disclaimer – The material on this document has no regard to the specific investment objectives, financial situation, or particular needs of any individual. This document is published solely for informational purposes. Under no circumstances shall the author be held liable for any decision or action taken in reliance upon the information provided herein. This document is authored by “Ichi Moku” using a pseudonym, and he shall remain anonymous. Investors and speculators are urged to do their own independent due diligence and to consult with licensed, qualified investment professionals before making any investment decisions.

The author makes no warranty or guarantee as to the accuracy or completeness of information provided. While the author believes statements to be true, they depend on the reliability of other sources. Many comments are an expression of opinion. Effort is put forth to ensure the accuracy of all material presented, but accuracy cannot be guaranteed. At any time, the author may, or may not hold in personal accounts any securities mentioned in this document. We all bet our own money and take our own chances.



Documents

Fibonacci and Clouds 21 February 2016