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.

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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