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.
Sinovac Biotech Ltd (SVA) : Consolidation with potential breakout
Mar 17, ’10 10:11 PM
SVA has been trading on a tight range since it gap down around Jan 26.
From the Ichimoku chart, we can see that it is trading in a tight narrow range attempting to fill its previous gap resistance at around $6.93
Both the Tenkan sen and Kijun sen is starting to point upwards; a validation that the ascending triangle is forming.
