MasterCard ($MA) has been lagging behind its competitors in many areas in the market. More importantly, in the areas of innovation and new markets, it is now facing competition not just from traditional competitors like VISA but also the likes of PayPal, AliPay etc. The chart shows a bullish run up of MasterCard with good… Continue reading MasterCard ($MA) : Bearish Tweezer Top
Twitter ($TWTR) gap down on reports that its user base growth is slowing down. On the Ichimoku chart which is hardly form, this is probably the typical post IPO selloff. Should it have a counter-trend rally, the leading kumo forms a resistance at around $56.77
It seems like $GMCR is going to have a setup for a bearish move. From the Ichimoku chart, we can identify the following trading signals: 1. Bearish cross from Tenkan sen and Kijun sen; reflective of the price dropped from $32 to $24 2. Thin kumo support below the current price level suggests that the… Continue reading $GMCR . Can it stay above the kumo?