BHIlievers are back

BHI made a good run today advancing by 11.57% from last Friday’s close. Volume has just picked up and price broke the 23.6% Fibonacci Retracement level which is our resistance. This now becomes our support and if price will retrace tomorrow but will not break our newly found support then we might see BHI go up and aim for the 38.2% Fibonacci Retracement level. But first monitor how it will move past 0.140 since that is our psychological resistance. No bad signal from candlestick so far.

Caveat!

One Response to BHIlievers are back

  1. […] 0.140 since that is our psychological resistance. No bad signal from candlestick so far. Caveat! BHIlievers are back Reply With […]

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