Trader's Logbook

GMA7 has been in a decline from the 23.6% Fibonacci Retracement level. Price is nearing towards the 38.2% but will it go deep down there or a rebound is about to happen? During the decline the candlesticks looks like hammers but bullish sentiment wasn’t confirmed. Is the reversal going to happen today? MACD has a sell signal though. Give it a day or two or when the wind change its course significantly. It might be good to test buy at the 38.2% level. Another might be near 9.5 when it surge fast

Caveat!