weekend charting part 2, page-16

  1. 2,810 Posts.
    Hi mistyrains

    It has been very interesting to look at stocks with the ichimoku.
    I agree that the higher t/f's come into there own with stocks.

    I haven't watched a live chart of stocks yet to see how the smaller t/f's
    work.

    In general if I don't post a monthly chart it is because of lack of data.

    PIO
    local one this time hopefully

    The daily shows the resistance over head. The red and blue are together
    and pointing up. A good sign to test the resistance at the bottom of the cloud.



    The weekly is still very bear with price looking at leaving red for a test
    of blue.



    The monthly is bear. The distance price is from red is my current stochastic.
    This could be read as being over sold and a test of resistance at red is due.



    Overall it is needing to take on the cloud on the daily. If it fails the weekly
    and monthly trend prevails.

    Very different to the other PIO
 
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