Will ALI hit 30 soon?

ALI was able to continue its ascend from the support line (upper slope). The candlestick seem to suggest ALI may have been exhausted as depicted by the Hanging Man but if we look at our RSI or Relative Strength Index, its not yet overbought. So far our price is move up and away from the cloud. In case there will be no confirmation for reversal for the Hanging Man, ALI’s price will continue to move up.

Caveat!

 

Bullish points from Ichimoku Signals

1. A weak bullish signal occurred last Sept 19 when conversion line crosses the base line. The cross was done below the cloud.
2. A bullish signal occurred last Oct 2 when the price goes upwards through the top of the Kumo.

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