BEL landing at the Kumo

BEL fell by 2.1% today landing at the Kumo. The pull from the Kijun Sen seems to be a too strong for BEL to resist. The bullishness of BEL is still there based on the elements of Ichimoku but one should take extra caution for now. Monitor how price will move at this level. If there will be a bullish candlestick pattern then we will see this stock bounce but absence of such will bring the price down further to 5.11

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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