Pacific Andes: Down Trend Start Soon

Pacific Andes is unable to break above the previous uptrend support turned resistance. PacAndes is currently trading below 20D, 50D and 200D MA. Critical support is $0.31 which is the 61.8% Fibonacci Support and also the neckline of a Head and Shoulders trend reversal chart pattern.  Breaking the neckline may send PacAndes to about $0.25 level.

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