Palm provide one of the best case study for Ichimoku as a trend trading tool.
If you have gotten the stock back in end 2008 or early 2009, you will have ride it to the top at around $17 from somewhere between $3 or $6.
Here’s one for the bearish trade. Do note that it is used for trend trading.
Generally, when I have a bullish Tenkan sen Kijun sen cross, I would have follow my chart and trade accordingly.
However, CSCO chart is showing 2 possible trends at the same time.
After consolidating in the $3 range, the Ichimoku chart for ARNA is showing a possible bullish cross from the Tenkan sen and Kijun sen.
From the chart, we can see that the Tenkan sen is about to cross the Kijun sen.
