Ruberex is moving below a valid uptrend line since end of Nov preceded by a Dead cross and Negative Divergence seen on MACD. More Bearish sign as annotated on chart which are Exhaustion Gap and Bearish Breakaway Gap and Dark Cloud Cover candlestick seen on weekly timeframe. The price is trading below 10-period MA which could continue it's downside pressure to the support area.
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Since there's no more banker chips left, will it be able to hit 2.1 tomorrow?
ellynacci
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@firdausnuruzzaman, Hi, my analysis is 100% base on technical, the market made lower low and lower high, and no significant resistance has broken yet. We will see if there is significant upward move tomorrow to confirm possible bullishness :-)