What a great forum you maintain.
I'm glad I found it.
This is my contribution. A mixture of reviewing a stock,
how the ichimoku works and planning a trade.
No I don't put as much effort into my own stocks.
Maybe I should.
Continuing my charts, here's some updates.
The 1 hour has it now testing the top of the cloud
and it has tested the 31.6 level.
I would expect a rally back to the 33.4 level
and hit resistance. Any break above would look very good.
Dynamic support creating an ascending triangle for most
of tomorrow.
Otherwise be careful when the red line hits the cloud.
It can open the gate to testing the bottom of the cloud.
The daily has support at .30.7 and .30.
If it hits these points it is a low risk entry.
I don't like how the lagged line closed below light blue.
It opens up the chance of testing that support
(meaning it will break into the cloud on the 1 hour.
Usually as red hits the cloud)This would make .32 resistance.
Anything above .32 has support and positive.
The two circles are the ranges that I see possible.
Looking at the weekly I am reminded why I am attracted to
this stock. As they say huge potential.
But I can see a test of the blue line and a good bounce.
But in reality it could just test red and rally.
An entry around the blue would be ideal.
But will it drop that low.
Easy to say but only those with a ticket can ride the bus.
I'll be watching the hourly it will show the action.
A dangerous area is under 28.5.
Why is 28.5 dangerous? The lagged line has the range to hit
.20. I do see this as part of the risk. This is planning
a trade that is in the cloud. Not the ideal but if you
trade the breakout of the 1 hour and hold til the break out
on the daily you will ride the spike up the middle of the
weekly cloud.
First a close up of the support lines and a range angle.
Now the all my data weekly.
