NI may seek support at 23.6% Fibonacci Retracement level where theKijun Sen line is also moving horizontally. This is around 2.05 This is if we will not see any reversal pattern from our candlestick. So far what we see on its daily chart are red candlestick after another and no sign of reversal yet. Although the stock is not anymore overbought as reflected on its RSI orRelative Strength Index, it is still pointing down. I think it would be good if we will wait near the support and then see if there will be a good candlestickpattern that will appear.
Caveat!
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