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Hi all - this is my first time having a go at an Ichimoku Cloud analysis, so please give your feedback and some advice. Everything I write below could all be totally wrong!
I'm trying to understand the Ichimoku Cloud chart and have given it a go on the Motif Bio (aim) chart.
This share has a high of about 45p in October last year, then hit a double low of 30p, ...
This looks a good entry. May drop a fraction onto the 50% line, but with the 200DMA in such close proximity I'd expect this to move up quite hard off one of those levels.
I would place an entry order above the high if you arnt in already then we could see a move to 35 or 40 if the high breaks