Last 2 candlesticks formation doji followed by spinning top shows market indecision. Price hesitating after reaching 23.6% Fibonacci retracement at 48 cents and trading volume on Friday declined. Monitor support at 38 cents and 20 day EMA resistance.
Selling by BB in late afternoon resulted in price movement being capped. Need more BB buying support on Monday to move price above 48.5 cents immediate resistance.
Sunday, January 27, 2008
JES Doji and Spinning Top Indecision Candlesticks Formation
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