Broadway Ind Ltd – Daily timeframe (Update from 13 Sept 2016)
Current Sentiment: Bearish
Support 1: 0.210 Resistance 1: 0.225
Support 2: 0.195 Resistance 2: 0.235
Price turned back into the uptrend as expected after the last update and it even managed to test the 0.225 resistance area.
However, a correction might be overdue here as suggested by the current price action. After hitting the 0.225 resistance area on 30/09/16, price got heavily rejected with increasing volume which resulted in price forming a gravestone doji suggesting a correction next.
Price should turn down next to test the 0.210 support area followed by 0.195.
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