ALI showing Weak Bearish Signal via Kijun Sen Cross

ALI showed some bearish sentiment today as it cross the Kijun Sen from above. This development is considered Weak Bearish Signal since it happened above the Kumo or cloud. As of now it is still considered in an uptrend but Chikou Span is about to confirm the bearishness of this stock. If this will continue to dip tomorrow then bearish sentiment will be fueled by more bearish signals. Kumo may act as support but its way too low at around 27.x

RSI or Relative Strength Index is still pointing south.

Caveat!

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