June 12, 2013

RCOM Chart analysis

  • Crucial support for RCOM Between 100 and 103.
  • Weekly chart is developing into a bearish engulfing pattern. With 3 days left in the week bulls should try to close higher to avoid a bearish pattern in weekly chart.
  • 23.6% Fib level is around 103. Weekly close below this level will strengthen bears further.

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