TMCLIFE Bounced to 38% Fibonacci Level

TMCLIFE on the 21/4/2008 bounced back to 38% Fibonacci level after take a breath at the support 50% level at RM1.42 price. Fibonacci retracement is used as support at the uptrend while downtrend as a resistance. MACD showing that TMCLIFE is gaining from the negative value while RSI-14 days is still below oversold area, less than 30%. See chart below:

TMCLIFE Daily Chart