In my last week review, I mention that K200 could move down to the support at 252. It did and rejected it and moved up.
Looking at the Fibonacci Retracement, the last retracement stop at 76.40% before it climb up. This latest retracement happened at exactly the same 76.40%. I am not a fan of Fibonacci. I don't trade using it. However, I always use it as a guide, especially when it coincide with my support and resistance.
We have a series of higher high and higher low in K200 Daily chart now. Will K200 resume its short term uptrend and continuing its climb? Let's see.
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