Strong Bearish signal on GERI

Last time we saw GERI continue to rise. Price inside Kumo but the cloud seemed to be a hard resistance to break. Price then move sideways. Today we saw GERI fell by 5% and Tenkan Sen / Kijun Sen Cross is showing a strong bearish signal. The cross is considered strong bullish because it happened below the Kumo. Chikou Span agrees to this sentiment as shown on the graph that Chikou Span line is moving below the price 26 periods ago.

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

}