Time to get high?
MJ ETF seems to break its first steep and quite long term downtrend line.
- Ichimoku stup is neutral with bullish bias as forward Kumo has already crossed up, Price is above Kijun and cloud.
- EWO (AO) is positive
- It should make a higher high above 14 (which is weekly Kijun Sen level) to give a confirmation and increase odds for a sustained bullish move towards the more serious 21,50-23,50 resistance zone. A close above 14 would also push Chikou Span (lagging line) into open space, above past cloud components.
For now a moderate bullish position is recommended, Size up only above 14.
- Ichimoku stup is neutral with bullish bias as forward Kumo has already crossed up, Price is above Kijun and cloud.
- EWO (AO) is positive
- It should make a higher high above 14 (which is weekly Kijun Sen level) to give a confirmation and increase odds for a sustained bullish move towards the more serious 21,50-23,50 resistance zone. A close above 14 would also push Chikou Span (lagging line) into open space, above past cloud components.
For now a moderate bullish position is recommended, Size up only above 14.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.