/ES 1340 support level has been breached since pre-market. With this support breached, next target should be 1320 and 1306 If /ES rebound for the day, the resistance to look at includes 1340 and 1351; both of which provides good short entry with stop loss.
Coca Cola ($KO) has a pretty good run yesterday despite the average volume. From the Ichimoku Chart, we can see how it opens low on Sept 6 and close high for the day. On Sept 6, the market is generally rallying upwards. What separates it from the rest is that $KO is supported by… Continue reading Coca Cola ($KO) : Kumo support and resistance breakout
There are definitely more than 4 stocks that still looks bullish on the Ichimoku charts. However, my favourites are : I have chosen them for the following reasons: 1. They have cash. 2. They are market leaders within their segment 3. Pricing power and economies of scale. 4. Technically… Continue reading $AAPL, $AMZN, $IBM, $BIDU : 4 stocks above kumo