SECB approaching the support line, will it bounce?

SECB is currently moving at the level where we previously saw it bounce. Could it be possible for SECB to bounce again at this level? There is a possibility that price will be attracted by the Kijun Sen line which is currently moving horizotally at 114.9 pero share. A good setup from the candlestick tomorrow will trigger the reversal.

Due to selling pressure SECB encountered this past few days and weeks, RSI or Relative Strength Index is now at oversold level at 22

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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