GERI bounce after consolidating at 38.2% Fibonacci Retracement level

Looks like 38.2% Fibonacci Retracement level is the strong support for GERI?. Today GERI registered a 4.9% increase from previous close, breaking the 1.91 barrier or the 23.6% Fibonacci Retracement level. Is the newly found support going to hold? Next resistance will be the 2.12 per share which was visited last March 14.

Ichimoku elements are in green light but Kijun Sen is still a threat. It will take few more days before this will bend upwards.

RSI or Relative Strength Index is currently at 67.

Caveat!

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