Kumo Break on BHI. Will it hit near 0.16?

Last time we saw BHI hit 0.13 and speculated that it will bounce (BHI hit 0.13, will it bounce?) BHI made a Kumo Break today sending a strong bullish signal. Current support is at 0.147 while next stop could be 0.153 per share or around 23.6% Fibonacci Retracement level. On our weekly chart we are looking at 0.159 per share and this is based on the flat Kumo which could pull the price up. Remember the reason we give why BHI will rise to 0.142 is because of the flat Kumo

Chikou Span is also in green signal as it move above the price 26 periods ago. RSI or Relative Strength Index registers an overbought level today but with the Marubozu candlestick formed today, I think BHI has just started to heat up.

Caveat!

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