BHI: Bounce High for Ipits

BHI bounced from the 23.6% Fibonacci Retracement level which was our support (http://www.traderslogbook.com/will-bhis-support-hold/). The rise may continue but be careful with the two laggard SMA lines as it may act as immediate resistance. Let us see what candlestick pattern will be formed at that level. Next to that resistance will be near 0.15. Support is our 13.00 so in case it will turn sour, its important to take action at that level since the next support might be very low.

Caveat!

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