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Tech Talk: The Ichimoku Cloud

Japanese journalist Goichi Hosoda developed the ichimoku cloud and published the idea in the late 1960s. It interprets information taken from candlestick charting.

The body of this chart suppresses all the usual indicators I use, to highlight the Ichimoku cloud, which is what I want to illustrate. The cloud itself consists of pink and green patterns, but it also has indicator lines in blue, red and green.

In this case, it applies to Fossil Group Inc. (FOSL), the purveyor of consumer fashions and accessories under labels such as Fossil, Diesel, Adidas and Burberry. Since October 2014, its share price has dropped by more...


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