Exxon Mobil – technical Ichimoku Kinko Hyo Analysis & geometry reversal pattern?

Posted by Marek | Posted in English, Markets review, Stocks | Posted on 05-11-2010 9:57 am

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ExxonMobil

Exxon Mobil

Today we will try to find sth. on the chart of the Exxon Mobil Corporation. One of the largest publicly traded companies in the world.

The Ichimoku sentiment is definitely bullish. All buy signals have happened in the last few months.

On the other hand on the chart we can notice the bearish Butterfly Pattern. This is the one of the strong harmonic patterns which signals the trend reversal. In this fact we have to be more cautious than usual. When sell signal come the bears attack can lower prices more that 10 percent.

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Ichimoku Clouds – Technical Analysis of S&P500 with Ichimoku Kinko Hyo

Posted by Marek | Posted in English, indices, Markets review | Posted on 03-11-2010 8:48 am

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S&P500

S&P500

Now that there are no sights of trend reversals on the Ichimoku Kinko Hyo chart. First support is at 1164. The space of potential bearish move is quite huge. The cloud titan support is near 1120. Some indicators show divergence, which is not a good news. We have to be wakeful.

However the market is still bullish, so we have to remember that fighting with the trend is the best way to clean the wallet 😉 Firstly we need to wait for sell signal.

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