Price has reached 38.2% Fibonacci retracement level at $4.43 and formed a narrow range spinning top candlestick pattern showing market indecision. The next resistance at $4.68 has 3 confluence signals from 20 day EMA, 50 day EMA and 50% Fibonacci retracement . The resistance zone $4.70 to $4.45 is the stage for a major battle between the bulls and the bears.
Saturday, January 26, 2008
Wilmar Retracement Levels
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