$LULU . Once a darling.

$LULU was once a darling for the IBD. It rides on a good wave, targeting the well-heeled and the growing yoga sports culture a couple of years back. As a retailer, LULU’s growing income hinges on its ability to increase its store first across the nation, second the region and third internationally. It was the… Continue reading $LULU . Once a darling.

$SPX . Beauty of Ichimoku. Expect a bounce.

This is the beauty of the Ichimoku trading system. It is highly visual and in this case, does not require one to draw support level to comprehend it. From the Ichimoku chart, we can clearly see that Chikou Span is hitting right onto the bottom of the kumo support. We should expect a bounce. Also,… Continue reading $SPX . Beauty of Ichimoku. Expect a bounce.

EUR/USD : Kumo resistance and support

From the above Ichimoku Daily Chart, we can see that EUR/USD fails to breakout of the thick kumo resistance. This reflected the issues that the Eurozone is facing. However, we might want to take note that the leading kumo is showing possible signs that the trend may turn. Do note the support from the Tenkan… Continue reading EUR/USD : Kumo resistance and support