Will BHI’s support hold?

BHI continue to fall, now at its support level. Although 23.6% Fibonacci Retracement level seemed weak for BHI as a support, we have the 20-day SMA line that acts as a backup support. Should this hold, then we may see BHI climb to 0.14x otherwise this will fall back to earth.

Caveat!

2 Responses to Will BHI’s support hold?

  1. Jai Ho says:

    falling knives? hehe

  2. […] bounced from the 23.6% Fibonacci Retracement level which was our support (http://www.traderslogbook.com/will-bhis-support-hold/). The rise may continue but be careful with the two laggard SMA lines as it may act as immediate […]

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