SECB is up. Monitor the 20-day SMA line

SECB went up by 6% last Friday following the Harami Pattern. The rally on Thursday and Friday almost took the losses week on week. I think their is a great potential for this stock to go around 129 – 130 unless 20-day SMA will meet the price below the 23.6% Fibonacci Retracement level then we might see a strong resistance. Notice that in the past spikes the 20-day SMA line resist price to go up.

Caveat!

One Response to SECB is up. Monitor the 20-day SMA line

  1. […] resistance. Notice that in the past spikes the 20-day SMA line resist price to go up. Caveat! SECB is up. Monitor the 20-day SMA line Reply With […]

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