$NVDA is still trading below the kumo (bearish).
There’s a small doji form from yesterday, and currently price may break the support from Chikou Span at $14.31
I am short NVDA with a target price of $12.50
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$AMZN . Right at the kumo.
Mar 19, ’12 9:58 PM
$AMZN price level is currently right at the kumo.
The kumo is very thin now; suggesting that there is very little support below or resistance ahead.
However, the Ichimoku chart is also showing a small kumo twist suggesting bearish move ahead.
Vested with a SHORT APR CALL spread. Bearish.
Note:
There is also a Bullish Tenkan sen – Kijun sen cross. Given the thin kumo, it can go either way. Hence, my preference for a SHORT CALL spread to minimise my risk.
$NVDA . Kumo support break
Mar 15, ’12 10:19 AM
$NVDA has officially breakdown from the kumo support.
We can see 3 signals aligned from the Ichimoku chart:
1. A bearish cross from the Tenkan sen and Kijun sen
2. Pierce through kumo support
3. Leading kumo is about to twist; confirming the change in trend.
The cause of it? It was reported that Apple is cutting back on the use of NVDA chips in Mac as they faced supply issues.
