Dark Cloud Cover on BHI

BHI is showing bearish sentiment by way of Dark Cloud Cover. The pattern is formed near the resistance line which just add more bearish sentiment. Will it drop and touch the support line? While BHI’s price may drop, this could just be a correction since short term is still showing bullish bias. This might also be a welcome development in order to loosen up the RSI which reached 70 last Friday.

Based on Ichimoku system, Tenkan Sen is moving above the Kijun Sen which is a bullish signal. Chikou Span also showed that current price is above the price 26 periods ago.

For those having BHI, fasten your seatbelt. As long as the signals are not turned off, this is still going north with some headwinds.

Caveat!

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