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

KIWI TECHS
KIWI TECHS: Bears Need Close Below 55-DMA
*RES 4: $0.7117 - Low Oct 18 now resistance 
*RES 3: $0.7103 - 200-DMA 
*RES 2: $0.7060 - 100-WMA 
*RES 1: $0.7033 - High Dec 15
*PRICE: $0.7019 @ 2030GMT
*SUP 1: $0.6985 - Low Dec 21
*SUP 2: $0.6939 - 55-DMA
*SUP 3: $0.6923 - Hourly support Dec 12
*SUP 4: $0.6901 - Low Dec 12
*COMMENTARY: Topside hesitation ahead of $0.7050 is less than ideal for bulls
and saw dips back to 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.

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