FUQI : Ichimoku Case Study

FUQI just announced that it has accounting irregularities for the past few quarters and that sent the stock plummeting by more than 30%. I miss the boat when FUQI breakout of the kumo resistance and did not partake in its rise from $6 to about $32. Having said that, FUQI represents a very good case… Continue reading FUQI : Ichimoku Case Study

Family Dollar Stores (FDO) : Challenging Ichimoku Kumo Resistance

Family Dollar Stores has a little gap up yesterday and may be poised to break out of the kumo resistance on the Ichimoku Daily Chart. Support is at 28.71 with Resistance at 29.7 The chart formation also seems to suggest a cup-and-handle forming. Looking at the flat leading kumo, it is sugesting that price movement… Continue reading Family Dollar Stores (FDO) : Challenging Ichimoku Kumo Resistance