Nov 22, 2012 - MJC, Stock Analysis    No Comments

MJC left 61.8% level

MJC has fallen from the 61.8% Fibonacci Retracement level but there is a bit of bullish sentiment on our last candlestick. Is this enough to reverse the trend or MJC will say good bye to this level? 61.8% is now our resistance. Let us see if there will be a test of resistance tomorrow. If there is none then we will have to wait for a good candlestick to arrive. How soon? I have no idea yet.

Caveat!

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