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12/28/2014 9:46:09 AM

Gulf Finance House: turning back to the channel – Technical Analysis



The price managed to turn back to the channel by trading above its support line, and gets a positive support from the exponential moving average 50.

We are waiting to breach 0.375 – 0.400 levels, and it’s important to monitor the price when reaching them, as breaching these levels will complete a positive technical formation that has the ability to push the price for extended gains, reaching towards 0.614 mainly.

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Target
Risk


Support
Resistance


Trend Bullish

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