NI continue to go up, Kumo Breakout today

NI registered another bullish signal via the Kumo Breakout. This is when price breaks the Kumo or Cloud from below. It also hits the 38.2% Fibonacci Retracement level in the process. I think there is a greater chance NI will continue to rise and hit 2.70 per share before some strong headwinds will cause it to retrace. Nonetheless, as long as all Ichimoku elements are still in green like it is now, then retrace should be a welcome event. This is also to loosen up the RSI which is already at 70+ level.


Leave a Reply