Correction on NI, how deep?

NI is showing some bearish bias today as it fell by 2.7% breaking the newly found support at 2.96 per share. The correction may continue and price may fall near 2.59 where the Kijun Sen currently moving but some supports like 2.75 and 2.63 may also hold. This correction is needed due to the stock being overbought already. Ichimoku elements are still in green, reason for us to believe that there is still more juice to squeeze for NI.

Caveat!

Leave a Reply