MINHO has closed today at its main resistance of 1.36 where it is
expected a good fight between the bulls and the bears. For the upside
to continue, the resistance needs to be broken conclusively, preferably
with high volume. The indicator analysis on RSI is not exhibiting any
extreme condition. The next resistance should be 1.49. Since it has been
trading in a tight range of 1.28 – 1.36 during the past week with
sellings well absorbed, there is a good chance the resistance of 1.36 be
broken conclusively with good volume if the general market sentiments
is fairly good
***TRADE AT YOUR OWN RISK***
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