Opportunity to buy if GERI will correct. Ichimoku elements still in green
Two consecutive Doji candlesticks on GERI as it tries to break the 1.52 resistance. The last two candlesticks suggest that the bullish sentiment of GERI is diminishing. Current support is at 1.47 which may stop the price from falling further in case the bears will win this week. Notice also that GERI’s Kijun Sen line is moving horizontally at 1.385 which may help the bears in pulling the price downwards.
While we still have the Ichimoku elements in green light, the correction might be an opportunity for us to add more shares. Let us monitor the price movement before we will talk about the possibility of GERI hitting 2.50
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