On the Daily Chart, $TRAN (Dow Jones Transport) seems to have break above the resistance level. However, the break is not convincing and this is reflected in the last 3-4 candles. On the Ichimoku Weekly Chart, the resistance level ahead is clearer. Currently, we can see that the price level is hitting against a… Continue reading $TRAN . Weekly Kumo Resistance
RIMM continues to face resistance fromt the gap down back in Sept 16. From the Ichimoku chart, unless RIMM can break through and rally above $27 before end October, the resistance level at $24 will hold.
Nokia fails to break through the thick kumo resistance despite rallying from a low of $7.80 On top of the resistance, the chart now shows another negative outlook for Nokia with the gap down yesterday. The gap down will mean immediate resistance is at around $8.80 to $9.00 Most likely, we will also see… Continue reading Nokia (NOK): Thick kumo resistance and gap down