Saddle Ranch Media Inc (SRMX)

[Daddy Rick]

Chikou Climbs Above Tenkan For Saddle Ranch Media Inc (SRMX)

addle Ranch Media Inc (SRMX) are under the spotlight as the Chikou span line has crossed above the Tenkan line. The Ichimoku signals, indeed all Ichimoku elements, should never be taken in isolation, but considered in the context of the overall chart. Ichimoku Kinko Hyo is a visual technical analysis system and the charts are designed to be considered in their entirety, with regard given to the relationships between all of the elements, including the price. As such, Ichimoku is not suitable for automated or “single event” decision making. If the current close price (as depicted by the chikou span) is lower than the price of 26 periods ago, that would indicate that there is a potential for more bearish price action to come, since price tends to follow trends. Conversely, if the current closing price is above the price of 26 periods ago, that would then indicate the possibility for more bullish price action to follow......

https://howebusinessdaily.com/2019/09/03/chikou-climbs-above-tenkan-for-saddle-ranch-media-inc-srmx/