PNB dropped below 80 level after reaching as high as 81.50 today. - TopicsExpress

PNB dropped below 80 level after reaching as high as 81.50 today. Speculating a range trade for PNB between 76.4% and 61.8% Fibonacci Retracement levels at this time. While price is at lower part of the range, candlestick formation showed a bullish reversal pattern which may prompt the movement to bounce to the upper part of the range. But while 20-day SMA is below the laggard SMAs, a spike may only hold for few days. Caveat! traderslogbook/pnb-may-range-trade-between-76-4-and-61-8-fibonacci-retracement-levels/

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