Viewing ARNA 1 hour chart with Ichimoku Clouds. Price crossed down and through green cloud on 11JAN18. Cloud color changes from green to red on 17JAN at 10:30 am. A possible buy at that time. Wait and watch.
Bình luận
⋅
The above statement is incorrect. Ignore the cloud. Price crossed down to the underside of red line meaning that the price is likely to decline.
Bình luận
⋅
Stock has since then gone down then up then down again. Yesterday, on the 1 hour chart, the price again crossed down to the underside of the red line meaning that the stock is likely to continue it's decline.
Bình luận
⋅
BTW: The red line is called the base line... of the Ichimoku Cloud indicator. I'm still trying to understand it.