Nelco – 15.02.2018.

Daily Sentiment: Bullish.

Weekly Sentiment: Bullish.

Trend Strength: Strong

First Target: 178 (Resistance zone)

While stock holds inside this channel First Target will remain 178.

BUT! Stock has reached not only channel resistance but also Monthly resistance zone.

Currently we must be ready for correction towards Pivot point.

Close below Pivot point and correction will continue.

Close below channel would confirm trend change and further fall.

Close above channel would be bullish sign and rise could continue.

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