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?
Tag: Financial markets
$SPX . Ichimoku Tenkan sen resistance
Having bounce off 1289 (or kumo support on Ichimoku Weekly Support), /ES is now hitting the resistance level from Tenkan sen . At this moment, it remains a bearish trade from the Ichimoku chart. With price level close to the resistance level, it represents a good entry for a short with a stop-loss just above… Continue reading $SPX . Ichimoku Tenkan sen resistance
$NFLX . Target $68
I have shorted $NFLX since it gap down on Apr 24. Overall, the Ichimoku chart is showing very bearish signs for NFLX. 1. It is now trading below the kumo 2. Bearish cross has been confirmed Target price $68 range.