BKD just taking a rest?

Chikou Span just added a weak bullish signal today for BKD but if you notice the Kumo or Cloud has been a strong support for this stock. Currently it seems that it is just taking a rest before a spike. The spike could be triggered by the Kijun Sen which is currently moving horizontally. Remember that when Kijun Sen moves this way, it attracts the price to come near to it.

RSI or Relative Strength Index is still away from the overbought level.

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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