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Bears Need Close Below 55-DMA *RES 4:....>

KIWI TECHS
KIWI TECHS: Bears Need Close Below 55-DMA
*RES 4: $0.7103 - 200-DMA 
*RES 3: $0.7050 - Low Oct 9 now resistance 
*RES 2: $0.7033 - High Dec 15 
*RES 1: $0.6994 - Hourly resistance Dec 19
*PRICE: $0.6976 @ 2030GMT
*SUP 1: $0.6942 - 55-DMA
*SUP 2: $0.6923 - Hourly support Dec 12
*SUP 3: $0.6901 - Low Dec 12
*SUP 4: $0.6886 - Hourly support Dec 11a
*COMMENTARY: Topside hesitation ahead of $0.7050 is less than ideal for bulls
and sees pressure back on the 55-DMA as daily studies correct from modestly O/B
and resistance layers build. Bears look for a close below the 55-DMA to ease
bullish pressure and below $0.6901 to reconfirm focus on 2017 lows and the
weekly bear channel base ($0.6693). Bulls need a close above $0.7050 to target
$0.7200-25 although 100 ($0.7086) & 200 ($0.7103) DMAs may slow the move.

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