Stock: Ichimoku /Seasonal: GG: 6-7-07: Trade Entry

The Stock GG, GoldCorp Inc, looks like a good seasonal play. Ideally, we should have entered three days ago but that is ok. We will get some profits out of it if it follows the seasonality.
Here is the chart. We are using the Kijun Sen cross strategy for this stock. We will be watching GG until it gets to 26.25. I will be getting out at 26.25 and then watching to see if it will break through the Kumo cloud for a bullish trend. It may bounce right off 26.25 and decide to go lower.
gg_6_7_07_d_.png
Here is the Harmonic Analyzer chart. It is showing how “smooth” GG is following Fib values:
gg_06_07_07_daily_ha.JPG
The seasonal chart (not predictive of future results) shows it is bullish from 6/12 to 6/26.
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About the Author Manesh Patel