Kijun Sen may again pull the price up

BKR is again at the bottom area which lead us to speculate that it may bounce from here just like what happened last time when (Kijun Sen pulled BKR to 2.89). Will it do the same action or this time it will be different? We may test buy at the level but if there will be no bullish reversal pattern from candlestick then it will go down further.

RSI or Relative Strength Index is at 39 and still pointing downwards.

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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