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Alpha India EE – M&M

Orpheus Capitals, May 2011, Pages: 5


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M&M Daily

Prices bounce back from previous W wave highs. Daily RSI momentum also turns back from the oversold territory and breaks above 40. We are now looking at a potential retest of mid channel and 0.618 key Fibonacci resistances at 740 levels in a second corrective wave up. The alternate view (red) suggests an incomplete correction with a pending Z wave up. Above 740 alternate strengthens.



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