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


Leave a Reply