BEL clings to Kumo

Looks like BEL found a good support at the top of the Kumo. It fell as low as 5.18 per share but was able to recover its loss and clos at 5.26 per share with 0.2 percent change from previous close. Notice that the Kijun Sen line has bent upward. A long green candlestick this week may drive the price up again. There is also a tendency we will see some small candlesticks before that will happen. As long as there will be no Kijun Sen cross then we are good to go.

The fall from the recent high pull the RSI or Relative Strength Index to 48.


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