SECB trying to conquer 140 level

SECB rallied up to 140.30 today but settled for 139 at the close. The 140 – 144 zone might be a big challenge for SECB and it may take all its strength. Current RSI or Relative Strength Index is now at 67.93 with 86 being the highest within our 1 year time frame. If the bulls will not be able to break the resistance, we might see it retrace to lessen the RSI. So far no signal of bad candlestick has been formed. Let’s see what tomorrow will bring.

Caveat!

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