SECB falls to support line Kijun Sen

SECB is now sitting at its support which is the Kinjun Sen. Some may consider it already a Weak Bearish Signal but Chikou Span is not yet confirming the bearishness of this stock as price 26 periods ago is still below current price.

RSI or Relative Strength Index on the other hand is still pointing down which may reach 30 from today’s 42. Price is still above Kumo and this cloud will act as our support.

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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