iShares Silver Trust (NYSE:SLV) : Bullish momentum contiues


Silver (SLV), is making new high with a very strong bullish momentum since it bounce off the kumo support in end Jan and clearing the resistance of $30 in end Feb.

We can see that both Tenkan sen and Kijun sen are pointing upwards steeply with the confirmation from the leading kumo as well.


Cheniere Energy, Inc. (LNG) : Continues its uptrend.

LNG continues it uptrend momentum and breaks the $7.50 resistance convincingly through higher volume for 2 consecutive days.

Support from Chikou Span is now at $7.50 region.

All bullish indicators are aligned:

  • Price level is above kumo
  • Both Tenkan sen and Kijun sen are pointing upwards
  • Leading kumo is pointing upwards

F5 Networks (FFIV) : Ichimoku Chart Review, 21 Jan 2010

F5 Networks (FFIV) has a bad day closing on Friday.

Despite opening up on a fairly high price at $111.72, it fails to sustain its counter-bear rally and start losing ground from around 10:30 onwards.

The price went south after lunch and settled at a closing price of 109.97

Immediate resistance is at 2 levels.

1. From the Chikou Span at $111.60

2. From the massive kumo above at around $116 region

On the Ichimoku Weekly Chart, it has a support at $103.60

A fall below the support will give us a target of around $91

With its massive drop this week, will we see more selling as more investors or traders start acknowledging the reverse in trend?

Or will we see more folks coming into buy as it is a great buying opportunity at this much lower price? For those who are buying, do they believe that FFIV will regain the momentum?