gvirav
Long

NAK Ichimoku Cloud analysis. Observing strong buy indicators.

AMEX:NAK   NORTHERN DYNASTY MINERALS LTD
68 3 3
Notes on the chart will show you where these indicators are happening. Friday's (7/8) trading closed above the cloud with a TK             cross inside the cloud occurring. Today (7/11) continued the bullish trend and sent the price well above the cloud, with both TK             lines piercing above the cloud. The kumo twist 26 periods ahead is bullish . The increased volume is something to pay attention to. Float on NAK             is 177.78M with 5.85M shares being traded today (average volume under 1M). Upcoming battlegrounds are marked on the chart.
I would like to use Ichimoku for earnings play. Typically, I buy Call or Put around 3.30 pm for both AMC and BMO for next day. What are the signals I should look for to get a direction of next day's price action? Does 26 periods ahead cloud alone on an hourly chart provide the signal?
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gvirav orkayen
Ichimoku is good for tracking momentum UPTO the earnings report date, but once you get there all bets are off. Earnings reports are binary events. No technical indicators will really be able to tell you how a stock will react to the news. You can use Ichimoku to plan your exit, however. For example if an options trade has worked out for me, I will then use Ichimoku intraday to analyze more concretely where the stock is headed in a session. This helps me get out of the trade at the most optimal point.
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orkayen gvirav
Thanks for the response. Can you give a stock example to show the most optimal exit point?
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