GERI on the same fate last time?

Last time we saw GERI went up was early last month. After the it went up and almost break the Kumo, it retraces and went sideways until falling back to 1.3 level. The rally today has resemblance of what happened last time. We have the Chikou Span showing bullish signal and we have the weak bullish signal from Tenkan Sen / Kijun Sen cross. In addition we also have more or less the same level of RSI. Will history repeat itself or this will be a different story? Last time the fall started when we see a bearish signal Hanging Man. Lets see if we will see a bad candlestick tomorrow.

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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