WAF 2.40% $1.50 west african resources limited

I don't have a long entry signal on any of the Ichimoku charts...

  1. 12,259 Posts.
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    I don't have a long entry signal on any of the Ichimoku charts that I watch, hourly, daily or weekly.

    Hourly IC chart has moved into a bearish bias with price action now below the cloud. In fact the hourly chart came close to indicating a valid short entry if but not for the Chikou-span sitting within the cloud.

    Daily IC chart moving from a bullish bias to a neutral bias with price action sitting within the cloud. A trader trading in this chart would be neither long nor short. They would have money on the sidelines. Hourly Hawkeye volume showing low volume predominant selling over the last three days.

    I'll comment on the weekly chart at the end of the week. So far Hawkeye volume showing predominant low volume selling.

    Of course for this stock I'm not paying that much attention to the chart, because the after tax NPV of the Sanbrado project is equivalent to 93cents/share on a fully diluted basis and I'm a value investor. Any weakening in the chart just represents another low entry accumulation opportunity for me. Esh
    Last edited by eshmun: 18/07/18
 
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