20c old support is now clearly acting as strong resistance - I wont be confident about SOR until it can close back above 20c and remain above it - the pullback off 19.5c has now retraced Fibonacci 61.8% to 14c. For me that should be maximum depth on the pullback to have belief that the last announcement has substance. Lets see if 14c can hold ! At the moment it continues to be heavily tested but that will be a good thing if the buyers end up winning the battle at 14c as it reduces supply. E.
20c old support is now clearly acting as strong resistance - I...
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