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F5 Networks, Inc (FFIV): Watch the kumo resistance

 

F5 has hit the kumo resistance since its last gap up.

Despite the gap up movement, F5 (FFIV) continues to remains in the bearish territory as it fails to break above the kumo resistance and establish a clear bullish trend.

Watch out if FFIV breaks below the support from Kijun sen at around 101.72