Harami Cross on SM

After some exciting move two weeks ago, last week was marked by consolidation phase. This is the time when bulls are resting after a hard week work. This is reflected by the higher lows we can see on our daily chart. Another interesting candlestick pattern is seen on our weekly chart. See how the price move near our 100-day SMA line with a Harami Cross pattern. It is also seen in our 5-year weekly chart that price is near our 38.2% Fibonacci Retracement level. Lastly we have a BUY signal on our RSI or Relative Strength Index. Are all system go for SM?

Caveat!

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