Kijun Sen keeps TA from moving forward

TA is moving up slowly from the support line to the upper slope but so far the Kijun Sen line is preventing the price from moving forward. While Chikou Span is still in a bullish position, we still need to see the Tenkan Sen to cross the Kijun Sen line for an additional bullish signal. If this happens then we will have a greater chance of reaching our upper slope. For those who have this stock, just keep on holding while price is still inside the upward channel.

RSI or Relative Strength Index is at 53 which means there is still a lot of room for the buyers to get shares.

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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