Will the SUN shine early?

SUN went up as high as 1.06 but settled at 1.02 per share at the closing. The previous action of SUN brought its price below the 50% Fibonacci Retracement level but the bulls were able to bring it back above the line. It is also interesting to note that previous candlestick is a Doji which suggests indecision between the bulls and the bears. If the Kijun Sen line will continue to attract the SUN then we will see it shine around 1:05 – 1:10 early morning.

RSI or Relative Strength Index is currently at 50

Caveat!

One Response to Will the SUN shine early?

  1. […] at 1.45 per share or 38.2% Fibonacci Retracement level. Last week we have been waiting for the SUN to rise and so far we it didn’t disappoint […]

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