BHI failed to stay above 50% Fibonacci Retracement level

BHI failed to continue after days of rally. Are the bulls gone or just letting it slip for the moment? The 50% Fibonacci Retracement level seemed to be a strong resistance after BHI failed to stay above it. The candlestick formation looks like a Dark Cloud Cover although it is more bearish if the closing price penetrates more than half of the green candlestick’s body. In case this will continue to correct, our support will be around 0.147

Caveat!

One Response to BHI failed to stay above 50% Fibonacci Retracement level

  1. […] continue after days of rally. Are the bulls gone or just letting it slip for the moment? Caveat! BHI failed to stay above 50% Fibonacci Retracement level Reply With […]

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