January 2010
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Day January 15, 2010

Entries 3 Total

3PAR Inc (PAR) : Testing kumo support at 10.70

Jan 15, ’10 6:15 PM

Having spotted a possible reversal on 3PAR and watching how it got dumped as it comes down breaking through the 11.25 support,  there is very little left for 3PAR.

The next level of support is identified by the kumo (a very thin layer); which suggest weak support.

If it goes below, there is a high chance that Tenkan sen – Kijun sen will exhibit a bearish cross. Couple it with the price going below the kumo, we will have a strong confirmation for a bearish outlook for 3PAR.

I think if the kumo fails to hold, the target price on the downside is around $9.05

Notes :

Couple of questions came to mind.

  1. How is 3PAR’s channel partner doing in APAC?
  2. How about the ‘new’ Regional Sales Director for APAC?
  3. Are 3PAR gaining grounds or sales in APAC?
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RealNetworks Inc (RNWK) : Breakout above kumo resistance

Jan 15, ’10 5:51 PM

The market cheered on the news of Glaser resignation.

Not only did RNWK break through the kumo resistance, it also break another resistance level at 4.33 along the way.

Current resistance is now at 4.64 which is the kumo resistance on the Weekly Chart.

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YUM! Brands (YUM) : Possible breakout at 36.60

Jan 15, ’10 5:44 PM

YUM has been trading at a tight range since May last year.

Recent rally has seen it went up till $36 with resistance level at 36.64

The Chikou Span has also pierce through the price level; a suggestion that it is moving up.

If YUM breaks this level, target price for it is $39.

If it fails to break through, we may see a reversal and YUM may test support at $32.50

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