Tenkan Bullish Signal Appears For Arcos Dorados Holdings Inc (ARCO)
Arcos Dorados Holdings Inc (ARCO) touched 6.61 on a recent bid indicating that the Tenkan line is still hovering above the Kijun Sen. This represents bullish momentum for the shares. Whether or not the shares are ready to break out further is yet to be seen.
The Tenkan Sen / Kijun Sen Cross signal occurs when the Tenkan Sen (Turning line) crosses the Kijun Sen (Standard line). A bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen. The Ichimoku Kinko Hyo system includes five kinds of signal, of which this site highlights the most recent of each for each ticker.
The Ichimoku signals, including all Ichimoku elements, should never be taken in isolation, but considered in the context of the overall chart. Ichimoku Kinko Hyo is a visual technical analysis s ...