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!

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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.

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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