Trading Ichimoku

Garmin reported earnings and miss the estimate of 0.415 vs reported of 0.38 On the Ichimoku chart, we have a few indicators aligned for a bearish trade. 1. Bearish Tenkan sen – Kijun sen cross 2.Gap down on earnings 3. Break below kumo support I will be looking for a Vertical Credit Call for this.

Garmin has a bullish gap up last Friday. With the gap up, GRMN is now above the kumo with the Chikou Span (highlighted in yellow) having pierce through the resistance levels. On top of that, both the Tenkan sen and Kijun sen is now pointing upwards; a possible indication of a new bullish trend after [...]

Garmin has very bearish chart today. Like the broader market, Garmin rallies on market open but quickly reverse as its results was released. From $30 to $33, it quickly lose ground and is now back at $30 (before the day ends). From a technical analysis standpoint, this is  a very bearish chart. 1. Candlestick shows [...]