Today, Johotin went up by 8% and formed a bullish engulfing to conclude a bullish confirmation after a bullish reversal ( Hammer) on the support
Indicators
1 ) Trendline - Broke above Uptrendline ( Bullish) . Back in Business!!
2) Support/Resistance - Formed higher low (Bullish)
3) MACD - Formed 4R1G (Bullish)
4) RSI - Heading toward 70% ( Slightly Bullish)
5) STO - Bullish crossover( Bullish) and it will be better if can break above 50%
6) Ichimoku - a) Price above support cloud (Bullish).
b) Conversion line above the base
line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick Pattern : Formed bullish engulfing above a hammer ( Bullish)
Conclusion:
Bullish
Resistance at 2.04 / 2.14 / 2.225
Support at 1.87 / 1.71/ 1.59
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