A long downtrend is broken at the end of December 2021. This is followed by a small breakout to Kumo Resistance, then a new trendline forms at the bottom providing support. Another trendline forms as resistance, and the two trendlines appear to converge at the recently formed bullish Kumo twist. So, let's see what happens.
In Dec 2012, there was a trend reversal that occurred in Ballard Power Systems (TSX). I plotted simple moving averages and the Ichimoku cloud, in order to find a trend reversal confirmation bar. I chose the week of Feb 4, 2013. The actual low point of the Ballard power downtrend occurred 6 bars prior. The result was 18 matches, one of them was this one, DSCI. ...
Lumber looking very Bullish
Technicals look strong
Fundamentals look strong (Gov policy, Trucker issues, road washouts in BC in November...)
Long Lumber into the building season
Long retailers of building products
Screener setting Daily
This screener looks for uptrend continuations
The screener is fairly crude, so I picked a point
on the the chart that met these 5 conditions of a
Ichimoku signal for an uptrend continuation
1-Price crosses above Kinjun Sen
2 Tenkan Sen Crosses above Kinjun Sen
3 Chiko Span Crosses or is above price
4 Kinko Twist Senko A above Senko B
I plotted a Ichimoku cloud and determined a entry point for a uptrend, then plotted simple moving averages and recorded their values at the same location as the Ichimoku cloud signal. The resulting "MA Stack" was then input into the stock screener and it appears to return results that indicate a strong uptrend is taking place. Moving averages are determined by...
I try to use the screener with a variety of variables, and the moving average values can sometimes help find a trend, either long or short. This equity may be range bound as it climbs higher, but ultimately, not a lot to do other than hold perhaps, but looks pretty dull, and be patient for a short opportunity but this could be totally wrong and anything can...
Using dates and prices and revolutions of full circles Gann was able to determine highs and lows. I have no idea if any of that is correct, there are so many variables, but, this is merely an idea forum. On the chart are my thoughts and if anyone wants to comment please go right ahead! GLTA!!