HOUSE to create downward channel?

HOUSE fell by 1.2% today after a strong opening. Current support at 23.6% Fibonacci Retracement level may be tested tomorrow and if it will break then we might see HOUSE to go down further where Kijun Sen line is waiting at 7.62. This stock may also create a lower high forming a downward channel.

RSI or Relative Strength Index is now at 64.

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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