Quote:
Originally Posted by guang
Despite a confluence of 3 technical indicators near 13230 which consists of
1. Fibbo retracement of 38.2%
2. Support at 13230 which held on 2 occasions previously
3. 100d EMA
It broke the support of 13230 with relatively high volume. I deduce that the next few supports are the 50% Fibbo retracement though i tink it is not likely and the level near 12730. 12730 is likely to be held at support due to a confluence of 3 technical indicators yet again.
1. Fibbo retracement of 61.8%
2. 200d MA
3. Trendline which was drawn and tested starting from around 1.5 years ago.
Just my viewpoint ..  |
i just went for a FA n TA course..... learn more things again... using MFI... good indicator.... then now u come out the vol/acc.... ahhhhh another good indictor... siao liao... got too much indicators... fainted