No more threat from Kijun Sen line

After trying to comeback from the dip, TA went up by 2.5% today closing at 2.46 per share. It is now heading for the 2.50 resistance and may try to close the gap at 2.65. The threat from the Kijun Sen line is gone when TA reach 2.48 during the day and with bullish setup from the Ichimoku elements, looks like TA has the legs for this new ascend.

RSI or Relative Strength Index is at 72.8

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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