It has been quite some time since the last post. Price action has remained in a predictive mode, below the kumo cloud till the last couple of period, with a strong trending upwards.
The position remains, with stop loss adjusted lower, above recent high.
From ichimoku perspective, price action penetrated above the cloud, but remains to be seen if it is sustainable. This is qualified by kijun-sen remain below/in the cloud, though tenkan sen has cut above the kijun-sen. Chikou span, an important trend change indicator, has not yet cut above the cloud hi.While the forward cloud changes to bullish, it is a thin bullish cloud, and the cloud hi support is a valley ahead.
Stop loss level adjusted lower as such.
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