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
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