The PAA pattern..., page-4

I think it's quite remarkable that someone who calls him(or her) self "ichimoku" should post a weekly chart and not even offer a basic Ichimoku Kinko Hyo analysis.

Let's post a five year Ichimoku chart with weekly candles.

For those unfamiliar with IKH:

Tenkan Sen (TS) (red line) (a.k.a. “conversion line”
This is (highest high + lowest low, for the last 9 periods) divided by 2.

Kijun Sen (KS) (blue line) (a.k.a. “base line”.
This is (highest high + lowest low, for the last 26 periods) divided by 2.

Chikou Span (CS) (green line) (“delayed effect” in Japanese).
The current closing price shifted 26 periods backwards.


Ichimoku cloud (“Kumo”

Composed of two lines:


Senkou Span A (a.k.a. “up Kumo”

This is (Tenkan Sen + Kijun Sen) divided 2. i.e. average of red and blue lines.
This is then shifted 26 periods into the future.


Senkou Span B (a.k.a. “down Kumo”

This is (highest high + lowest low, for the last 52 periods) divided by 2.

This is then shifted 26 periods into the future.

The Up Kumo and Down Kumo form the parameters of the green cloud which is shifted into the future.

Now lets see.
1. TS is above KS - BULLISH

2. CS is above the price - BULLISH

3. The Kumo Cloud- has turned green and is expanding - BULLISH



I was looking at this stock. Your post forced me to do a deeper analysis. I like what I see! Bullish!