BCO approaching support, potential bounce!

1 ก.พ. 2019

BCO is approaching our first support at at 58.978 (horizontal swing low support,100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 60.805 (50% Fiboancci retracement, 61.8% Fibonacci extension).
RSI (21) is also approaching our support where we might see a corresponding bounce in price above this level.