$GRPN . Ichimoku barely formed and it is a bear.

  The Ichimoku indicator is not even fully formed on Groupon ($GRPN) and already we can see that the bearish indicators are aligned: 1. Tenkan sen cuts Kijun sen towards the down side (sharp cut) 2. Price is trading below the leading kumo 3. The leading kumo seems to suggest that it is about to… Continue reading $GRPN . Ichimoku barely formed and it is a bear.

Exxon Mobil (XOM) : Breaking resistance

Exxon Mobil (XOM) is breaking through its resistance at around 65.54 Looking at the slope of the Tenkan sen and Kijun sen, XOM is making a fairly strong bullish move. Next target is around $69.50  which was formed back in April

Radware (RDWR) : 52 week high and Up in a down market

The past 2 trading sessions have been a down market generally. But Radware (RDWR) has shown signs of heavy buying; in fact, its volume is above average. Price level even hit 52 week high on yesterday’s trade. Among the possible reasons for Radware (RDWR) move includes acquisition. On the Ichimoku chart, RDWR has retraced back… Continue reading Radware (RDWR) : 52 week high and Up in a down market