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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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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