SMEGEY , If you have access to Blommberg could you provide a GOC chart for us on CCC ? many thanks if you ar wny one else can
""Bloomberg extract
One of the most-popular technical indicators in Asia was published in 1968 by Japanese newspaper writer Goichi Hosada, who began developing the technique in the 1930s. Called Ichimoku Kinko Hyo, which is often translated from the Japanese as ?equilibrium chart at a glance,? the indicator?s name suggests taking one look (ichimoku) at a chart (hyo) to define areas of equilibrium or balance (kinko) or changes in them. You can access this chart, which is sometimes also called a cloud chart, using the General Overview Chart (GOC) function, the Custom Charts (G) function or Launchpad. Type 7751 JP GOC , for example, to graph the stock of Tokyo-based office equipment maker Canon Inc. In contrast to simple moving averages, which many analysts calculate using only closing prices, GOC takes into consideration highs and lows as well. Ichimoku advocates say a graph with a variety of price points provides a richer picture of price behavior. Using such a chart, they say, increases the likelihood of getting an analysis right. The chart is made up of five lines. The conversion line plots the average of the highest high and the lowest low over the past nine periods. The base line is the average of the highest high and the lowest low for the past 26 periods. The lagging span plots the current closing price back 26 periods. Using daily data, for example, the lagging span compares the current market price to prices 26 days?roughly a month?ago to determine the strength of the Into the Cloud market. Leading span 1 is equal to the base line plus the conversion line divided by two and plotted 26 periods forward. Leading span 2 is the highest high and the lowest low during the past 52 periods divided by two and plotted 26 days forward. The area between these two lines forms the cloud, which is shaded blue. The use of 9 and 26 periods is the convention developed by Hosada. You can change the number of periods by typing TDEF 15 and entering desired values in the fields in the GOC/IGOC section of the screen. the relative strength index is an indicator that can be used to measure the momentum or strength of a price trend. You can augment a GOC chart by adding an RSI study that you can use to confirm signals and trends. RSI is an oscillator that moves between 0 and 100, comparing the magnitude of recent gains to losses. The standard way to generate signals from RSI is to buy when the RSI line crosses above the oversold level (usually 30) and to sell when it crosses below the overbought line (usually 70). A more sophisticated way to analyze RSI is to modify the range of the overbought and oversold levels based on the trend in price. In an uptrend, expect RSI to oscillate between 40 and 80. In a downtrend, expect it to move between 20 and 60. In the chart on the next page, you can see that RSI held mostly above 40 during American Express Co.?s five-year uptrend. Type AXP US RSI to display the RSI for American Express stock using the Relative Strength Index function. ? GOC Signals GOC generates buy and sell signals in several ways. You can incorporate candlestick patterns to confirm crosses, support and resistance. Source: Bloomberg BULLISH BEARISH Conversion line Lagging span Leading span 1 The cloud Crosses above base line Above price Crosses above leading span 2 Leading span 1 above leading span 2 Crosses below base line Below price Crosses below leading span 2 Leading span 1 below leading span 2 Use the General Overview Chart with RSI to help predict changes in price trends. By PAUL CIANA equi ties Press twice to send a question to the Bloomberg Analytics help desk.
CCC Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
