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 study for Ichimoku as it has went one round of bullish signal and bearish signal.
Let’s have a look at the Ichimoku chart.