East West or North?

The flat top Kumo on weekly chart may pull the price up. Currently the 28.55 per share support is holding and has been tested twice already. This leads us to believe that it may continue to move up and hit the 30.32 per share. On daily chart, we notice that the 28.49 per share support line is holding with the help of the Tenkan Sen line. It has been moving within this area and may soon move up to 29.95 which is just near our target on weekly chart.

RSI or Relative Strength Index on weekly chart is quite high though

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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