Two bullish signals on BHI

After the consecutive drops that brought BHI to as low as 0.12 per share it finally showed bullish signals. There are two bullish signals we saw today as it advanced by 20.3%. First we saw the Weak Bullish Signal from Kijun Cross. We called it weak because the cross happened below the Kumo. Another bullish signal is from the Kumo Break which when price break the Kumo from below. It also break the 61.8% Fibonacci Retracement level in the process. With these two bullish signals, there is a greater chance the rally will continue. In case the emergency meeting will prove to be bad then it might dip but may find support at around 0.151 down to the 61.8% Fibonacci Retracement level which is around 0.148

RSI or Relative Strength Index is not yet overbought.

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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