Is 38.2% Fibonacci Retracement level the strong support for GERI?
Previously thought that 23.6% Fibonacci Retracement level is a Strong support for GERI but after that day we saw GERI move down continuously. Now it is in the hands of the 38.2% Fibonacci Retracement level. So far we don’t see any reversal pattern but it is good to monitor this tomorrow and get a clue from the candlestick as to where it will continue.
RSI or Relative Strength Index is currently at 56.
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