White Marubozu on BKD
BKD went up by 9% today showing some bullishness as it break through the Kumo or Cloud. Just a few fluctuations before it will hit the resistance somewhere at 2.24 or the 23.6% Fibonacci Retracement level. BKD has been consolidating and the white marubozu might just be the start of a new action for BKD. Last week (BKD still consolidating, some bullish sentiment felt) we are looking at 1.8x – 1.9x as a good range to buy but so far BKD didn’t dip to the lower range. Still, the possibility is there until the Kijun Sen line will bend upward. So for those who were not able to ride there is still a chance.
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