Is TA ready for the rally?

TA is still moving sideways but the last 3 days is showing some improvement after Kijun Sen prevents the price from falling down. Is TA ready to test the resistance at 2.01 this week? Previously we thought that Kijun Sen will pull the price down but so far that line has already move up.

RSI or Relative Strength Index is at 58 which is below overbought level.

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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