If we were to use the Ichimoku Clouds the Tenkan (9 EMA) & Kijun (26 EMA) lines are currently inside the cloud making this a "watch and see" play only right now. The Chikou span (current price 26 periods ago) is below the cloud (bearish) but it is about to enter the cloud. If the Tenkan crosses over the Kijun and the Chikou span goes above the cloud we will have a full break out. If we can blow by the 100 day moving average at .33 I think this will line up perfectly. If we break .35 that would be great confirmation. A good 4-5 million volume day could make this go fast.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
