POS 0.00% 0.4¢ poseidon nickel limited

Ichimoku, page-55

  1. 633 Posts.
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    Well Noor444, like yourself I am no expert on these charts but I believe ichimoku is a quick visual reference chart for trends. price above a green cloud is a good sign trend wise. The fatter the cloud the better. blue line (Kijen Sen) above the red line (Teken Sen) is further confirmation of trend (note this can pop below quite readily without the longer term trend being impacted but if it stays below possible sign trend reversing).

    The other thing to note is the accumulation/distribution. If this is rising suggests there is enough interest to maintain the trend.

    Of course we dont really need an ichimoku to tell us POS in uptrend at present...the AGM is coming soon (that one's for Troyus) and of course the frog arrives to tell us we're reached our uptrend peak, and Redback suggests its time to get religious again.

    There are some excellent Youtube educational videos on ichimoku (a few crap ones too).

    This is not investment advice and note had Verry Elleegant as my top pick and backed Mustinjeer (did it even cross the finish line?).
 
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