ALI now at 50% Fibonacci Retracement level

ALI is up today by 4.80% closing above the 50% Fibonacci Retracement level. Is this the start of a bullish run for ALI? Price is currently within the 200-day SMA. This line is our resistance as we can see price seemed to have a problem going up from here. Another resistance that may hinder price from moving upward is our 100-day SMA line. If these lines will be strong for ALI to break, it may retrace and fill the gap left today.

Caveat!

3 Responses to ALI now at 50% Fibonacci Retracement level

  1. Jai Ho says:

    hahaha yabag unsa nay dagan diha?

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