Hit TP - Overbought Alert
Resintech opened with a gap above our target level at 0.645, which likely to be an exhaustion gap as the overbought alert is seen on daily RSI. The price however, failed to close above Fibonacci barrier at 0.825. Be cautious as the price is likely to pull back from resistance level. New support level is seen at 0.645.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
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