Relax . . Healthy consolidation after great recent run . Of course shorty will use this day to drop and cover .
.look at 5 day chart now! ..then come back and look at EXEL before the close and you will see millions more shares trading in this range. GIANT fund managers are buying every single share that SHORTY and profit takers will sell . . i know i am . . .Next week we firmly lock in 5 and set up for an epic 2013 . Biotech of the year in 2013! . . I was tempted to take profits today so im not surprised many did . . but this is a VERY uncomfortable stock to NOT be in :) . .they will buy back this afternoon so they can relax this weekend. FDA loves CABO = Franchise = $$$$$$$$$
Are we back in the Ichimoku cloud? Or is this just a low lying fog alert?
I am not familiar with this Ichimoku cloud? I know it is a conglomeration of lines made up of five different average lines, like 9day,26 day, 26day/2,52day, etc., but I'm not sure when they mean anything. It just points to a trend, right? I believe it is used more for indexes like the Nikkei, Dow Jones or S&P than individual stocks.
In any case I'm trying to buy back my trading shares at 4.54, sold them Wednesday at 4.85.
No . . we have dropped below it . A typical entry is the first day closing above the cloud or going short the day it breaks below it . In between the cloud is considered "medium" support or resistance . . unfortunately it was a thin support cloud due to the recent volatile action .The thicker the cloud . .the better the resistance or support .... Enabeler if you use Google Chrome go to the webstore and download the FREE STOCK CHARTS application . . put your Symbol in and then select indicators and there is a selection for the Ichimoku Cloud . Maybe a good addition to your tool kit . . ? Uses similar numbers to the MACD but the transposition to a visual cloud is very useful IMHO . .Gl2u!