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12/15/2014 6:05:21 AM

Gulf Finance House: Awaiting the bullish rebound



Gulf Finance House Shares price trades within bearish trend stopping at the descending channel’s support areas now, and it’s normal to attempt to visit 0.400 areas initially, awaiting to respect the trading rules inside the price channels.

 

The best buying areas located near 0.235, due to having solid support areas which are considered as an important Fibonacci extension level, and for the high risky traders, buying can be taken from the current areas ( 0.288 ) with reinforcement at 0.235 in case the price decline to these levels.

 

The targets begin at 0.400, and breaching it will open the way towards 0.600.

 

Risk levels below 0.235.


Target
Risk


Support
Resistance


Trend Bullish

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