PIP looks interesting

Weekly: Weekly chart shows that PIP was able to get help from the Kumo as it bounce from Span B. Although price now currently inside the Kumo which is considered “trendless” and anything can happen.

Daily: Daily chart retains its weak bullish signal courtesy of Tenkan Sen / Kijun Sen Cross we saw last week. If price will continue to rise and hit 5.0 then we may see the next bullish signal from Chikou Span. Interestingly, we also have a Hammer candlestick in which, if confirmed, will bring the price up and trigger Chikou Span for bullish signal.

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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