China Zaino – Is this 200D MA Support Strong Enough?

China Zaino is testing its critical support at $0.23 (200D MA support) to $0.235 (61.8% Fibonacci Retracement Level).

Base on Elliott Wave pattern, China Zaino shall bounce back from this support and start the 5th Wave.  However, Wave 2 and Wave 4 seems to over-correct to 38.2% Fibonacci Retracement Level.

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