ARNA post a good gain of over 8% yesterday with more than 5M volume (vs 1.85M average).
On the chart, we can see a strong bullish white candle which represent a reversal of its downtrend.
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FUQI : Ichimoku Case Study
Mar 18, ’10 8:09 AM
FUQI just announced that it has accounting irregularities for the past few quarters and that sent the stock plummeting by more than 30%.
I miss the boat when FUQI breakout of the kumo resistance and did not partake in its rise from $6 to about $32.
Having said that, FUQI represents a very good case study for Ichimoku as it has went one round of bullish signal and bearish signal.
Let’s have a look at the Ichimoku chart.
