BKD still consolidating, some bullish sentiment felt

BKD has been consolidating for few weeks now. As it consolidates, the threat of it going down due to Kijun Sen‘s movement has been there but so far BKD didn’t allow it to happen. The recently concluded week is showing some bull force as bulls tried to break from the consolidation. Will they be successful? If price will continue to consolidate for a couple of weeks, this Kijun Sen line on weekly chart will bend upward which will take out the power of this line to attract the price.

As long as all Ichimoku elements still in green there is a chance BKD will spike, just be patient. Test buy around 1.8x – 1.9x would be good.

Caveat!

The following two tabs change content below.

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.

Leave a Reply

}