RightNow Technologies (RNOW) : Setting New High on the Ichimoku chart

RightNow Technologies (RNOW) is setting new high on the Ichimoku chart.

We can see 3 bullish indicators align:

  1. Chikou Span cuts through price level with no resistance ahead
  2. Tenkan sen cuts Kijun sen above the kumo cloud ( a strong bullish signal; and this comes after a small retrace)
  3. Leading kumo is twisting and suggesting an upward trend after a short period  of price consolidation.


2009Sep-Rightnow Technologies Inc-800x600

By iam802

Trend trading with Ichimoku