Will ALI hit 31 before correction?

ALI continue to go up and is currently staying above 30.00 While price is going up, so is RSI or Relative Strength Index which could mean a correction soon. Will it be done once ALI hits 38.2% Fibonacci Retracement level?

Latest candlestick formation doesn’t show any bearish reversal pattern but one should be in the look out for possible correction soon especially when it hits near 31.00 As of now, just enjoy the ride.

Generally, ALI is in an uptrend based on our chart with price movement creating higher lows and it is also located above the cloud or Kumo. Tenkan Sen is moving above the Kijun Sen which means we are still in bullish position. Until our indicators will turn red, adding on dips will be a profitable move.

Caveat!

One Response to Will ALI hit 31 before correction?

  1. […] a pullback on ALI after hitting 31 few days ago (Will ALI hit 31 before correction?). Using our upward channel drawn last time, we could see that today’s price hits the support […]

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