PEP - bounce from FR 38.2%

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PEP = 0.82 (-2.4%)

PEP formed black candle with lower high and lower low.

PEP tested 38.2% Fibonacci Retracement and may have bounced off that level. Will be confirmed tomorrow if PEP forms higher low and higher high with big volume.

Good luck to all PEP traders!
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Comments

ninodal said…
Thanks Teri! I hope this blog helps you as a trader or as a student of technical analysis. Check out other blogs about technical analysis, a list/link is provided on the left column :) more power to you Teri and good luck!
November 11, 2007 at 3:39 PM
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