Weekly: We can’t see any indication for reversal on our weekly chart and while Tenkan Sen and Kijun Sen lines has been twisted, other Ichimokuelements is saying SM is in a downward trend. Will it bottom at 675?
Daily: The Piercing Line which is a bottom reversal pattern may signal a spike for SM but not unless we will have a confirmation. Remember that traders are in a bearish mood and any spike means a good fire exit. You mayday trade if there is an opportunity but I don’t think it is the right time to enter for a long position.
Caveat!
No comments:
Post a Comment