Trading Ichimoku » Transport

$TRAN . Weekly Kumo Resistance

iam802 — Mon, 09 Jan 2012 05:52:12 +0000

On the Daily Chart, $TRAN (Dow Jones Transport) seems to have break above the resistance level. However, the break is not convincing and this is reflected in the last 3-4 candles.

On the Ichimoku Weekly Chart, the resistance level ahead is clearer.

Currently, we can see that the price level is hitting against a resistance level from the Chikou Span.

More importantly, we can also see that the kumo resistance is ahead at around 5250. The leading kumo has not twist and confirmation of bullish outlook is not confirmed.

Will we see $TRAN head higher in the weeks ahead? Yes, there is a chance. Option expiration is less than 2 weeks ahead. However, at this moment, there is chance that $TRAN may turn when it hit Feb.

Delta Air (DAL) : Double Top?

iam802 — Tue, 23 Mar 2010 05:50:22 +0000

A double top seems to be forming on Delta Air’s chart.

At this moment, we do not have confirmation from the Ichimoku indicators.

However, given the thin leading kumo, support is weak. A bearish cross from Tenkan sen and Kijun will likely see the Chikou Span cutting the price level as well.

Watch the candles.

FedEx Corporation (FDX) : Gap Up and Break Through Kumo Resistance

iam802 — Fri, 11 Sep 2009 14:25:54 +0000

FedEx gap up on the opening.

With this, it has break through the resistance level at 74.43 on the Daily Chart ( a level that goes back to last Novemeber).

On the Weekly chart, it is even more positive. The level has just help push it out of the kumo resistance. In other words, we have bullish signals on both the Daily and Weekly charts for FedEx (FDX).