Will Phoenix arise from the ashes?

PNX is now inside the Kumo which is regarded as “trend less zone” and anything can happen. Some developments on the Ichimoku indicators are the following: Neutral Bullish Signal as price made a Kijun Sen Cross while inside the Kumo and Chikou Span shows that current price is higher than the price 26 periods ago. This is considered bullish signal. Take note that RSI is now above 70 which means it is now in the overbought level.

Is it just a one day wonder for PNX or a start of a brighter future?

Caveat!

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