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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