Thursday, February 9, 2012

Maybulk


1. Next support level 1.80
2. RSI point south

















From the day chart above, yesterday and today candles look the same. A closer examination of hourly chart will discover that the fearful atmosphere has diminished after the first hour of trading today. The small doji for the next 6 hours was term as the "test of supply". The smart money is trying to uncover new seller at 2.00 level. Should the volume drys up from this level, reversal shall begin. Let see.

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