Raimon : Key support from 0.88 down to 0.80
April 10, 2011 Leave a comment
We gave 110 as the long term resistance for RAIMON a fortnight ago, with the recent intra day high posted at 1.23. over coming days look at 0.88, 0.85 and as a last ditch support for this rally, 0.80. It’s been volatile for a while now, so we can not rule out the market makers whack it down more, and then buy it back again.
Lower supports are seen at 0.75, with the very first support today at 0.90