Strong support on GERI

So far the there is no confirmation for the Dark Cloud Cover for GERI and as far as the support is concerned, it has prevented the price from moving downward. If the 1.91 will continue to hold, the Kijun Sen which is moving horizontally at 1.67 which threaten the price to move down will soon loss its power to attract. This will enable the bulls to continue pushing GERI and may reach another level. So it is very important to monitor the support. Note also that RSI is already high at 80.

On our weekly chart, we might have a 2.06 – 1.87 range for this stock.

Caveat!

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