30 | April | 2010 | Trading Ichimoku

April 2010

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Day April 30, 2010

Entries 3 Total

Arena Pharmaceuticals (ARNA) : Challenging Kumo Resistance

Apr 30, ’10 11:04 PM

After consolidating falling and consoidating for almost a year, ARNA is making some move today.

It has break through its resistance at 3.18 and has went above the Kijun sen.

At this moment, it falls short of breaking through the kumo. A break above it will signal a very strong bullish move.

Kumo resistance at 3.38

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Apr 30, ’10 10:53 PM

SVA is making a move today.

On the Ichimoku Daily Chart, it has move above its Tenkan sen as well as move above its resistance at 5.79

Not too sure what’s the cause. But earnings is on May 13.

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Apr 30, ’10 10:46 PM

MPEL seems to continue to struggle to make a positive upside move.

It is currently trading very near the Tenkan sen.

Both the Tenkan sen and Kijun sen is flat now; suggesting that it is probably stabilising around this trading range.

Resistance is at 4.84 and Support is at 4.65. Very narrow range.

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