Weekly: BLOOM maintained its Weak Bullish Signal we saw 3 weeks ago as Tenkan Sen cross over Kijun Sen that time. But we dont see any signal yet from other elements of Ichimoku although Fibonacci Retracement level is trying to support BLOOM not to go down any further. Daily: Daily chart shows that it has slipped from the support line but Fibonacci Retracement level at 78.6% is holding the price not to fall further. If price will bounce from here then we might see a weak bullish signal with confirmation from Chikou Span. That is, if it will move up. If it will fall below this level then bearish sentiment will be worsen and next support might be very low. Wait for the signal before entering. Caveat! traderslogbook/bloom-is-at-the-mercy-of-its-support/
Posted on: Sat, 02 Nov 2013 04:36:09 +0000
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