TEL refuses to drop; Weak bullish signal on Kijun Sen

TEL did not confirm the bearish sentiment brought by the Doji as it close 16 points above yesterday’s price. Is TEL going to close the gap this week? Yesterday we thought there is a lot of reason for TEL to retrace since we have the kijun sen and the fibonacci retracement level but the bulls are stronger today, thus breaking the resistance. These two lines will now be our immediate support.

As price went up it crosses the Kijun Sen line which is considered a weak bullish signal because it happened below the Kumo. At least we have some bullish sentiment hovering above TEL this time.

Caveat!

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