PMINI‘s chart shows that it is still in an upward trend but has been experiencing some headwinds after it hit 14,227.40 Currently at 13,669.10 we are seeing an interesting price movement. The candlestick that is formed at the support level is what we called a Hammer. Although hammer is a weak reversal pattern, if we will see a confirmation tomorrow via a long green candlestick then this may be the point where PMINI will stop falling and continue its rise. If there will be no confirmation then it will continue to correct with immediate support at 13,235.10


The following two tabs change content below.


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.

Leave a Reply