Neutral Bullish Signal on ALI

ALI continue to go up after we saw the Doji candlestick last Nov 25 with confirmation the next day. That time we don’t have any bullish signal from Ichimoku system yet. Today we are seeing a Neutral Bullish signal when the price closes above the Kijun Sen. This is what we called Kijun Sen Cross. This is called neutral because the cross happened inside the Kumo.

Chikou Span does not agree with the new signal yet. The price indicated in Chikou Span is still too high to produce a bullish sentiment coming from this line but as long as ALI will continue to rise we might be able to see it soon. That would be an additional points for the bulls. For those who entered around 26 may continue to hold and monitor the development. Support is at 27

RSI or Relative Strength Index is still very healthy at 52.8

Caveat!

The following two tabs change content below.

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.

Leave a Reply

}