Ramba (technical)

Ramba: Similarly, no signs of a respite on the recent near-term downward slide with the rising ADX levels, although RSI and Stochastics are at the oversold levels. A close below $0.535 today would result in an engulfing candlestick, which may portend to further selling pressure in the near-term. Support at $0.525 followed by $0.50. Resistance at $0.56 followed by $0.62.