Friday, July 22, 2016

MWIDE Chart Update (Bearish Confirmation)

Megawide Construction Corporation

The Bearish Doji Star pattern has been confirmed today and morph it into another bearish pattern, an Evening Doji Star pattern. Pullback or consolidation may potentially follow.

Previous MWIDE analysis:
http://psetrends.blogspot.ae/2016/07/mwide-potential-bearish-pattern.html

*Resistance zone at 9.6 ~ 10.1.
*Immediate support at 9.0 (around 23.6% retracement, considered a shallow pullback level).
*Potential retracement targets are indicated on the chart.


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