URC tastes like salt

URC continued to taste like salt water as it drop a few points more today to break from the Kumo. This break is considered a bearish signal in addition to the bearish signals reflected by the Tenkan Sen / Kijun Sen Cross and Chikou Span. Looks like the biscuit will not taste good at this time. Immediate resistance will be the bottom of the cloud which is near 120.

Currently no signal for our candlesticks for possible reversal although RSI is already at oversold level.

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

}