Gold or Silver
14 Jun 2017
Re: Change of trend Shares of Enova Systems Inc (ENVS) recently touched $0.0100, which places the stock above the Ichimoku cloud, indicating positive momentum and a potential buy signal for the equity. Shares of Enova Systems Inc opened the last session at $0.0038, touching a high of $0.0100 and a low of $0.0038 , yielding a change of -0.0012.Ichimoku Kinko Hyo is a technical trend trading charting system that has been used by Japanese commodity and stock market traders for decades and is gaining increasing popularity amongst western stock market traders, being commonly referred to as Ichimoku Cloud charts. Ichimoku Kinko Hyo, which translates to “equilibrium at a glance chart”, was developed to allow a trader to quickly and easily appraise the trend, momentum, and support and resistance levels of an asset, from a single chart.The system does include signals but these should never be considered in isolation. It is a visual technical analysis system and the charts are designed to be considered in their entirety to gain a perspective on the overall direction of the share or index and distinguish higher probability opportunities from lower probability ones. The Ichimoku components are introduced in a specific order because that is how you should analyze or trade the market. Once you’ve confirmed the trend by recognizing price as being below or above the cloud, you can move to the moving averages. The most basic theory of this indicator is that if the price is above the cloud, the overall trend is bullish while below the cloud is bearish, and in the cloud is non-biased or unclear. Lastly, when the price is above the cloud, then the top of the cloud will act as a general support level, and when price is below, the cloud base will act as resistance. But remember the cloud has thickness, and thus resistance does as well, which by making these thicker reduces the risk of a false breakout.
Gold or Silver
27 May 2017
Re: Change of trend Interestingly.I have now reached almost parity with my original Investment.Perhaps one day It will pay dividends.Good luck A
Gold or Silver
22 Jul 2016
Change of trend Been a long time .And May
