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!

Leave a Reply