In the daily Ichimoku chart, the Cloud above current share price is fairly thick, implying some strong resistance overhead.
Take note also that the Tenkan Sen and Kijun Sen are flat, meaning sp is consolidating. Tenkan Sen (the short term moving average) is below Kijun Sen (the longer term moving average.
At a glance, the daily Ichimoku is bearish.
The weekly is telling a similar story. Share place was inside a thick weekly Cloud since late July 2009, and had dropped below weekly Cloud in mid March 2010. The weekly glance is bearish too.
Just my views.
In the daily Ichimoku chart, the Cloud above current share price...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
