GERI finally breaking the Kumo

GERI has finally awaken and close above the Kumo which has been preventing GERI for few weeks from moving upward. We have 61.8% Fibonacci Retracement level or 2.17 per share as our immediate resistance but I think GERI will be able to reach the 78.6% Fibonacci Retracement level following the deep retrace last February.

A test of support may also happen this week where 2.03 per share or the Senkou Span B.

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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