Trading Ichimoku

$BBRY . Blackberry Setup for bearish move

iam802 — Mon, 08 Apr 2013 22:41:47 +0000

$BBRY – Ichimoku Bearish move setup

The Ichimoku chart is showing a good setup for $BBRY.

Currently, it’s closing price is at $16.67.

On the Ichimoku Daily Chart, a bearish cross seems to be forming and the thin kumo support below suggest weak support below.

A break from this level will give us a target of $12.50

Some catalyst to consider:

Are sales really good in the emerging markets that $BBRY is targeting? Are they getting converts?
Have they gain traction with the developer’s base?
Are the existing customer base going to upgrade their BlackBerry or are they going to switch to an iPhone or an Android based phone?

$BBRY . Below the kumo. Bearish

iam802 — Tue, 05 Mar 2013 14:22:58 +0000

$BBRY-Below-Kumo-Bearish

BlackBerry ($BBRY) has officially drop below the kumo support.

While the movement was not a huge one, the challenge will be for it to go above $15 level. So long, as it is under $15 over the next 1-2 months, the bull trend will not be established.

The next target should be towards $10.

$SPX . Tenkan sen and Kijun sen bearish cross

iam802 — Fri, 01 Mar 2013 14:12:51 +0000

$SPX Ichimoku bearish-cross March 1,2013

Premarket. $SPX (/ES) is trading at around 1506 level.

On the Ichimoku chart, both the Tenkan sen and Kijun sen have touch each other.

If it close below 1506.63, /ES would have confirmed a bearish cross with a target of 1484.

$GMCR . Watch the support. $42.78

iam802 — Thu, 21 Feb 2013 17:09:16 +0000

A few warning signs are coming up for Green Mountain Coffee Roaster ($GMCR).

On the Daily Ichimoku Chart, we can see the following:

1. From the Chikou Span, it suggest that the price pattern is developing a possible head and shoulder. It is incomplete and if it dip below $42.78 , the pattern wil be completed.

2. Looking at the Tenkan sen and Kijun sen, we can see that it is now very close and a bearish cross may form if price dips. Currently, price is still trading above the Tenkan sen and Kijun sen.

3. The leading kumo seems to suggest that the trend is ready to change with a possible ‘kumo twist’. Again, there’s no confirmation.

It seems that the support level of $42.78 from the Chikou Span will be a level to watch.

$BBRY . Bearish cross from Ichimoku. Thin kumo support

iam802 — Wed, 20 Feb 2013 14:29:45 +0000

BlackBerry, $BBRY (formerly $RIMM), Ichimoku’s chart seems to be having a bearish cross soon.

On the Daily Ichimoku Chart, we can see

1. That the price is trading below both the Tenkan sen and Kijun sen; effectively making $15 a resistance level.

2. On top of that, both Tenkan sen and Kijun sen are now very close and may cross soon; giving confirmation to a bearish move.

3. The kumo support below is thin and BlackBerry may just go from the $14 range to $10 very fast.