ALI turning green after retracing

ALI is showing bullish sentiment today after the fall last Friday. The bearish signal that was lighted during that time was the Chikou Span. The Tenkan Sen / Kijun Sen is still intact as the former is moving above the Kijun Sen. Today, Chikou Span turned green as price 26 periods ago is lower than current price. There is also a strong bullish signal created today as price crosses the Kijun Sen line.

RSI or Relative Strength Index is pointing upwards. Still not overbought.


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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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