TA needs to break 2.50 for a home run

TA’s Doji last Friday wasn’t confirmed today so there is a big possibility that TA will continue to move up. The only challenge now is how to break that resistance at 2.50 per share or 78.6% Fibonacci Retracement level. I think that once this is broken, it would be easy for TA to reach the 2.81 or at least close the gap.

Ichimoku elements are still in bullish positions. We didn’t get rid of our upward channel yet because we will be needing the higher slope for our support.

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

}