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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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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