NI to start its ascend?

Did NI just woke up today after the long rest? It advances today by 4% to close at 2.60 per share. We are looking at possible break from 2.64 and to challenge 2.75 per share. So far we have seen neutral bullish signal today but Chikou Span still need to agree with the bullishness. Currently it is moving below the price and we need a break from 61.8% Fibonacci Retracement level in order for this line to turn green. A test buy near the 2.54 support may be a good idea.

RSI or Relative Strength Index is currently at 56.

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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