Testing 23.6% retracement level at 38 cents which is also the immediate support. Price rally will probably be capped by 48 cents resistance line if it can clear the immediate resistance at 43 cents. Next support is 32 cents which is the 38.2% retracement level. Big Boys were missing during the half day Chinese New Year Eve trading session as shown by the Volume Distribution chart below. Unless Big Bulls participation returns any rally will not be sustained.
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Thanks...
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