Trading Ichimoku

It seems like RAX is forming an ascending triangle on the chart. Yesterday’s market did not cause it to drop a lot. Most importantly, on the Ichimoku chart, the closing price did not cut the Tenkan sen (red line) which will suggest that the trend is intact.

RAX has just came off from its 52 week resistance at around $23.00 From the chart we can see that the Tenkan sen and Kijun sen are both flattening; a possible pause in its momentum. Kumo provides support at around $21.00 At this moment, the uptrend is still intact as we do not have any [...]

This should be a positive move. Hosting business is a very competitive industry. Loyalty (and hence customer service) will continue to be a very important part of the business.