TA may move sideways, still has profit potential

The Bearish Harami seen on TA’s weekly chart last week wasn’t confirmed by the bulls didn’t provide a strong presence thus, we are speculating a sideways movement for TA. A high of around 2.04 and low of 1.75 is what we are looking at where TA may move sideways. Notice that we reach 2.04 last 2 weeks ago and we hit 1.75 last week. We might also see a big action between the bears and the bulls at 1.88 this week.

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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