BHI starting to get bullish?

Is BHI ready to rally after moving below the 78.6% Fibonacci Retracement level? BHI pierced through this line today, closing at 0.138 per share. Notice that we have a Kijun Sen moving horizontally at 0.147 which will be our target. But before that, we need to monitor if the newly found support will hold.

Ichimoku elements are still in a bearish setup so this is something we need to consider. There might be a play but don’t stay too long. Always be on the lookout.

RSI or Relative Strength Index is currently at 50

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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