Breaking barriers at 2.91 may bring NiHAO to 3.23

We saw NI found support at (NIHAO keeps on falling. Looking for support), or if start from around 1.48 then the retrace is about 38.2% fibo which leads us to speculate that price could reach 161.8% or even the 224%. Today it touch near 2.91 and if the bulls will continue to push the price up, we might see it near 3.23 per share. What we need to monitor tomorrow is the candlestick formation. If there will be a bearish pattern then it means the rally is only up to 2.91 for the meantime.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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