Is LR at the bottom already?

LR is currently supported by the 50% Fibonacci Retracement level and it seems the bears are already tired of pulling the price down. Is it time for LR to bounce? LR may bounce up to 7.72 – 8.00 and from there we will see if the Kumo is going to resist the price to continue going up. But if price will break the 7.14 support, we might see LR to dip down to 6.83

RSI or Relative Strength Index is now at 16

Caveat!

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