Wait for the candlestick signal

After successive fall, SLI’s chart looks interesting. Today it touches the 0.88 per share where the Kijun Sen line is. We just need to see a bullish candlestick pattern for it to bounce from this level, else it will go down further and seek help from the Kumo or Cloud. That would be around 0.85 per share.

RSI or Relative Strength Index is at 56 and is still pointing downwards.

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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