GLOBUSSPR: Price Patterns with powerful Indicators for strong breakout

ichimoku cloud stocks Jan 17, 2022
stocks, Ichimoku Cloud

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Simple strategies like price patterns can be combined with Ichimoku Cloud to achieve powerful results. Check out how we selected GLOBUSSPR which has rallied more than 18% within short span.

Ichimoku Cloud: Ichimoku cloud is an indicator, which is used in multiple ways and forms a very strong basis to identify the trend, momentum, reversals and much more.

We published the following article on GLOBUSSPR pre market on 6th January 2022 in "The Financial Waves Short Term Update" which our subscribers receive pre market every day.

GLOBUSSPR Daily Chart as on 6th January 2022 (Anticipated):

GLOBUSSPR Daily Chart as on 17th January 2022 (Happened):

Wave analysis as we published on 06th January 2022:

Anticipated: On the daily chart, in the previous session prices formed a bullish candle. Price has closed above 1514 which confirm breakout of rounding bottom pattern. The stock is trading above ichimoku cloud which indicate that the short-term bias is bullish.

In short, trend for this stock is positive. Use dips towards 1485-1500 as buying opportunity for a move towards 1630-1640 levels as long as 1450 holds on the downside

Happened: The stock opened with a negative bias and made a dip towards 1485 levels as we have mentioned in our report. Post that, within the 3 trading sessions, the stock has moved above our expectation making a high near 1747 levels giving return more than 18% on the upside.

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