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Friday, December 13, 2013 7:05:28 PM
here is why we don't need that confirmation. The Chikou Span.
This ichimoku cloud is holding, and WNTR is in a long term uptrend. I have put up two charts here that are similar in the way the Ichimoku cloud will work for WNTR.
THE CHIKOU SPAN (green line), is according to the Japanese, The most important part of the ichimoku cloud. You see how after the first POP buy signal.. the stock went downand consolidated, and then broke free and continued the long term several month long uptrend..
In my opinion our accumulation, mixed with buying volume, mixed with all the prs and upcoming events, will carry the stock along the ichimoku cloud for several months before turning down. The charts arent exactly the same, but you can see what I am talking about.. We are definitely consolidating for a much bigger move.
The Chikou span just gave the buy signal on WNTR a few days ago... A sell signal is not even close to happening right now.
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