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SYF Retracing to the next support

Written By Unknown on Wednesday, 5 September 2012 | 7:40:00 pm


SYF hit a roadblock at it ran out of Bull Power and formed a bearish candlestick before our take profit at 0.71

MACD - 3G2R (Bearish)
STO - Bearish Crossover
RSI - Bearish and Retracing
Volume Distribution - Buying Pressure Higher (Accumulation)



Support at 0.645/ 0.62
Resistance at 0.73/ 0.745

Let wait for this counter to retrace to the next support at 0.645 and wait for a rebound towards 0.73
 

 


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