RFM possible kissing the Kijun Sen line

RFM may continue to rise and be attracted by the Kijun Sen line but be on the look for possible pull back after that. This is also near our 38.2% Fibonacci Retracement level which will act as resistance.

Notice that RFM is still in a downward trend based on the Ichimoku elements so a spike may not last too long. The gap has been filled today.

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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