3PAR Inc. (PAR) : Gap Resistance at 9.67

Mar 4, ’10 11:59 AM
Author Categories Tech Tags ,

On the Ichimoku chart, 3PAR (PAR) manage to touch the resistance level at 9.67

This is a nice level to watch as we can see the following from the chart:

1. Tenkan sen has started to turn up and the price level is above it; suggest that the short term uptrend may have started

2. Kijun sen is starting to flatten; suggesting that the current trading range of around $9 to $9.69 is stabilizing

3. On this chart, I have also added the RSI and the Force Index. Both are starting to show signs that it is going up. The Force Index in particular seems to have edge up across the bullish line.

4. We can also see the thick kumo resistance in the leading kumo which suggests heavy resistance (<< see pink colour kumo or cloud ot the right)

Related posts:

  1. 3PAR Inc (PAR) : Kumo resistance for 3PAR
  2. 3PAR (PAR) : Breaking Ichimoku Kumo Resistance
  3. 3PAR (PAR) : Ichimoku Chart shows Resistance
  4. 3PAR (PAR) : Will Oracle join in the bidding game?
  5. 3PAR Inc. (PAR) : Watch the Support at 11.25

Comments

2 Comments so far. Comments are closed.
  1. Zoltan,
    March 7, 2010 at 5:37 pm

    Kumo has stopped this light volume rocket shot on last friday, I’m now waiting for a bull flag.

  2. Nassir,
    March 7, 2010 at 10:19 pm

    chink span attemps to climb, tenkun-sen and kegun-sen are welling to traserve the price, price before 26 candles is above chinko span,… take long with TP @ 2nd blue res.SL below the lowest edge of chinko span.

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