We're finally above the Kumo and finding
resistance at 698.00 (previously tested on
06/25). Kijun-Sen hasn't crossed into
positive territory yet. I'm bullish here but I
ditched my weak hands anticipating the
upset. If we fall, we'll be looking at 661-ish.
resistance at 698.00 (previously tested on
06/25). Kijun-Sen hasn't crossed into
positive territory yet. I'm bullish here but I
ditched my weak hands anticipating the
upset. If we fall, we'll be looking at 661-ish.
Trade closed: target reached:
Too much 720 callers, sold 50% of low-600's position at 705. Will drip-feed the next 50%.
Comment:
I'm still bullish here. Still holding my remaining 50% to sell slowly into buyers on the way up. I didn't add any new positions during the fall. The price drop did worry me a little when it broke my MA but support at 655 held at the close. The price fall got rejected by the 4 HR Kumo, MACD looks like it's winding up for another run up. BB looks like it's winding up also. Daily MA still holding for me but anything can happen.
