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[trustthetape]

For those of you who like to look at longer timeframes, TIVO appears to be entering strong bull mode on a MONTHLY chart. 

http://stockcharts.com/h-sc/ui?s=TIVO&p=M&b=4&g=0&id=p40897176949&a=165832641&listNum=45

Be interested in any thoughts.

[paulbooma]

Hi Trustthetape

Good name!

On the TIVO charts daily weekly monthly the best is the monthly. Bring it in to just the current action. All looks good but entry.
Can you count the candles? I use the ts as the gate keeper to the kumo. Next candle will put the ts very close to the kumo.
Ideal entry is to wait for 9.00.
Otherwise all looks good. Very little resistance just a case of testing support. Lots of good signals or about to happen.

BHP:asx is a similar chart

paul

[trustthetape]

Thanks for the reply and compliment on the name. 

My best guess is that the next big move in TIVO will be another gap based on the results of a court ruling (or out of court settlement).  I don't know if there are Ichi indicators/setups to help us with trading gaps???

Here's what I'm seeing:

Monthly chart - bullish so leads me to believe that any breakout will be to the upside

Weekly chart - A symmetric triangle (a likely bullish continuation pattern in this case) appears to be forming with volume confirming the pattern. A successful breakout projects to the 16's.  However, we have a bearish TS/KS setup, we're trading below KS and TS and the price action is considerably away from the weekly cloud so I'd be more comfortable with an entry should we trade over to the cloud and find support there (and then trade a subsequent TS/KS crossover).

http://stockcharts.com/h-sc/ui?s=TIVO&p=W&b=4&g=0&id=p98699384475&a=165832625&listNum=45

Daily chart - The daily shows price finding support at the cloud with 9 being the bottom of the cloud (I think that's the entry you're referring to).  I'm also keeping an eye on the gap (rising window in candlestick terms) from roughly 7 to 8.5. A retest of the top of the gap would not surprise me (maybe even should be expected).

http://stockcharts.com/h-sc/ui?s=TIVO&p=D&b=4&g=0&id=p32802138320&a=129408543&listNum=45

As mentioned above, I don't recall reading anything regarding Ichimoku and gaps but would be interested in any thoughts/references on that topic.  I guess in an ideal world, we could ignore all gaps and let the Ichi indicators guide us but I don't know if that's the case.

[sunman4008]

Hello,

Good analysis!

In regards to gaps, think of it this way, on a gap, price escapes the TS.   Once TS and price equalizes then the trend can continue if all the ichimoku are "Ok".

-Manesh