GERI continue to rise. Price inside Kumo

GERI has rallied for two consecutive days now after it hit the 52-week low. For those who were able to get some shares during that time should be enjoying a good gain now. Due to the recent price action, Chikou Span is showing bullish signal and Tenkan Sen is about to cross the Kijun Sen. This will be another bullish signal if it happen. But the rally is stopped by the Kumo today which act as our resistance. In case price will continue to rise and close above the Kumo then we will have a strong bullish signal which will finally make GERI looks good. As of this time there is still hesitation because the cloud might be a very strong resistance.

RSI or Relative Strength Index is not yet saying the stock is overbought so there is still room for this stock to move upward.

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.

One Response to GERI continue to rise. Price inside Kumo

  1. […] time we saw GERI continue to rise. Price inside Kumo but the cloud seemed to be a hard resistance to break. Price then move sideways. Today we saw GERI […]

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