Technical Analysis (Ichimoku Chart)
Tenkan-sen has crossed over the Kijun-sen a couple of days ago. Both lines are in the middle of the ichimoku cloud.
Chikou Span has also cut above both the tenkan-sen and kijun-sen, it remains below the ichimoku cloud hi. Chikou span attempted to cut above the ichimoku cloud hi in the past few day, and not succeeded. It is now below the ichomoku cloud low.
Ichimoku cloud itself is thick, and should provide good support and resistance depending where the price action will be.
Price action has traded briefly above the cloud hi. It is now in the cloud region..
Trading Strategy (Ichimoku Trading)
Depending how the price action unveils itself, a strong buy will be around 0.620-0.630 region. If price maintains to hold in the current level (0.600 - 0.6100), can look for a buy when price trades above 0.615. Stop loss level will be 0.580.
For short level, will be around 0.58- with 0.610 for stop loss.
Both long/short will risk around 8%.
2.0 Broadway Industrial Group
Technical Analysis (Ichimoku Chart)
This stock has the required ichimoku indicators to go for a long.
Trading Strategy (Ichimoku Trading)
Conservative trading will look to establish long position around 0.32 level if there is any chance to do so with stop loss below 0.290 level.
Aggressive trading will look to establish long position around 0.35 level with stop loss below 0.290 level.
