SVA gap up again today (shortly after its gap on Dec 28).
With this gap up, we have a bullish cross from Tenkan sen – Kijun sen, though it is below the kumo (which suggest that it is still NOT a very strong bullish move.
With this cross, we want to see SVA make the move higher including breaking the next resistance at 7.20
Once it breaks that level, there is a high chance that SVA is trying to go above the kumo at around 7.80
Palm has a nice little rally last Friday; from 11.02 to around 12.50
The end of day chart shows a bullish Tenkan sen – Kijun sen cross just below the kumo.
This suggest that there may be resistance ahead (possibly at $12.60).
At the same time, this rally brings back memories of PALM at 1 year ago (when Pre was launched). Palm went from $6 to around $9 within a month.
What to look out for:
- more distribution deals with carriers outside of US
- ‘killer-apps’ for webOS
- further out, webOS in other form factor (other forms of devices apart from cellphones)
- possible deals with media companies
Garmin has a bullish gap up last Friday.
With the gap up, GRMN is now above the kumo with the Chikou Span (highlighted in yellow) having pierce through the resistance levels.
On top of that, both the Tenkan sen and Kijun sen is now pointing upwards; a possible indication of a new bullish trend after its dismal drop last year.
