Shaw Group Inc. (SGR)

With the recent rally, SGR continues to trade within its $25 – $30 range.

The recent selldown has seen SGR prices holding well at above the $20; a level depicted by the kumo as well.

We can also see that the current kumo is sloping up; a suggestion that it is trending upwards

Tenkan sen and Kijun sen cross has also been sighted on 18 March with the price level above the kumo. This is good signal to suggest that SGR is poised for a long term uptrend.



By iam802

Trend trading with Ichimoku