8990 Holdings, Inc.

HOUSE went up by 13.6% today signaling a bullish sentiment as it pierce through the Kumo and crossed the Kijun Sen line. The previous drop of HOUSE from its high has reached the 78.6% Fibonacci Retracement level this means that a bounce to 127.2% Fibonacci Retracement level is possible which is near 8.91 per share. Current support is at 7.66 while resistance is at 7.98

RSI or Relative Strength Index is now at 81 which means it is already oversold. An extra care in entering the stock should be observed.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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