TA bounced from Kijun Sen line

TA move up after following the two Doji candlesticks and hitting the Kijun Sen line. The 61.8% Fibonacci Retracement level also help support the price. Now at 2.11 per share, it may continue to move up and hit the 2.18 per share resistance or around 78.6% Fibonacci Retracement level. There is still room for buyers to buy some shares since the stock is not yet overbought.

Caveat!

The following two tabs change content below.

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.

Leave a Reply

}