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Day January 14, 2010

RealNetworks Inc (RNWK) : Potential Breakout

Rob Glaser steps down as CEO of REALNetworks.

Having said that, here some interesting notes on REALNetworks. (RNWK).

  • half a billion dollars company with revenue in the range of US$500M to US$600M
  • business units includes music, games, media software + services, technology products + solutions

Key possible growth includes:

  • spinoff of its games unit (listing?)
  • more licensing on products front, possibly in Europe, and North Asia.

Chart Reading:

Nothing much happenign at the moment.

Currently, RNWK price is just sitting within the kumo after a gap up last month.

The price is consolidating and there seems to be some accumulation going on.

IntercontinentalExchange Inc. (ICE) : Chikou Span cuts price. Watch the Support

ICE just had the Chikou Span cutting the price level.

Currently, it is sitting right on top of the kumo. Given the trading range of the stock, it can cuts through the kumo support within 1 trading day.

And if it does breaks through the kumo, high chance the Tekan sen – Kijun sen will have a bearish cross (a very strong bearish signal couple with price going under kumo).