SINO at 38.2% Fibonacci Retracement level

SINO is currently at the support area of 38.2% Fibonacci Retracement level after we saw the Dark Cloud Cover few days ago. If the bulls will not be able to reverse the tide, SINO may continue to dip and bring the price to piso where the Kijun Sen line is waiting. As long as this line is moving horizontally, the threat will be there. The gaps below is also a threat to the bulls.

RSI or Relative Strength Index is at 76


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