Will DAVIN bounce from Kijun Sen line?

DAVIN fell by 3.5% today and seek support from the Kijun Sen line. Will it hold? The setup of DAVIN today is interesting but we need a bullish candlestick pattern to come out tomorrow such as a Harami preferrably with close above the Kijun Sen line. A break from the resistance near 1.15 will also fire up the bulls and this may complete the handle. But in case it will turn sour, a break at 1.09 may lead to touching the flat bottom of the Kumo at 1.05

RSI or Relative Strength Index is now at 42

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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