ROCK may bounce to resistance level

ROCK has been silent but there is a promising development lately as we saw Kijun Sen line supporting the price not to go further down in addition to 38.2% Fibonacci Retracement level that acts as a support. Today we notice a strong bullish signal via Tenkan Sen / Kijun Sen Cross. Although the number of trades is very low, this is worth monitoring. If there will be a bounce, it may hit 1.81 with possibility of even reaching 2.x level

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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