If today close below 17.96 then it will form Bearish Engulfing. At such a high price, it may not be a wise decision to enter. Look at Fibonacci Retracement support level which is 15 follow by 13.75 then 12.45.
Booyah, if you read it properly. I clearly stated there is few point to take note when you are buying at the high side. Risk/Reward is not justify for entry rite now. I am sorry if you were trap at the high price. All the point i listed is my personal opinion as i stated in the disclaimer. You can just ignore my article if you think is nonsense. When i post this article in the early morning today, it still a bull trend, therefore i put the current support/resistance for your reference. However, i also indicate few points to take note is it worth to enter at this moment base on current price.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mohd Fahmi Bin Jaes
Posted by Mohd Fahmi Bin Jaes > 2017-12-29 09:35 | Report Abuse