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###POV $0.7007-48 Key Resistance For.....>

KIWI TECHS
KIWI TECHS: ###POV $0.7007-48 Key Resistance For LT Traders
*RES 2: $0.7048 - Low Oct 9 now resistance
*RES 1: $0.7007 - Low Oct 19 now resistance
*PRICE: $0.6864 @ 0430GMT
*SUP 1: $0.6779 - 2017 Low Nov 17
*SUP 2: $0.6674 - Monthly Low June 2016
- POV: Consolidation below the LT weekly bull channel base ($0.7003) adds weight
to the LT case for an overall move targeting 2015 ($0.6233) & 2016 ($0.6346)
lows. LT Bears now look for a close below $0.6674 June 2016 monthly lows to add
weight to their case and reconfirm the bearish bias.
- Very O/S weekly studies are a concern for LT Bears and increase the risk of a
correction back to $0.7007-48 where the 100-WMA ($0.7041) is found. Above
$0.7048 eases LT bearish pressure and above $0.7225 confirms breaks of 55
($0.7107) & 21 ($0.7159) WMAs, shifting LT focus back to $0.7433-0.7558.
- Click for chart https://tinyurl.com/y87mundx

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