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.

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

}