Palm provide one of the best case study for Ichimoku as a trend trading tool.
If you have gotten the stock back in end 2008 or early 2009, you will have ride it to the top at around $17 from somewhere between $3 or $6.
Here’s one for the bearish trade. Do note that it is used [...]
Palm has a nice little rally last Friday; from 11.02 to around 12.50
The end of day chart shows a bullish Tenkan sen – Kijun sen cross just below the kumo.
This suggest that there may be resistance ahead (possibly at $12.60).
At the same time, this rally brings back memories of PALM at 1 year ago (when [...]
PALM just had a few indicators lined up for a possible bullish swing play.
As we can see on the chart :
1. Stochastic has just crossed the 20% line
2. Force Index is showing signs of bullishness
3. Palm has moved up from its consolidation below 11.62 and has crossed the Tenkan sen.
4. At this moment, the bullish [...]