A follow up on my previous post on 3PAR.
What happens after the gap resistance?
1. 3PAR move up very quickly when it break through the gap resistance; it could be a short squeeze or just speculators trying to front run as 3PAR’s management is on the road with its various presentation at conferences.
2. Nonetheless, as ‘Zoltan’ [...]
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
Palm provide one of the best case study for Ichimoku as a trend trading tool.
If you have gotten the stock back in end 2008 or early 2009, you will have ride it to the top at around $17 from somewhere between $3 or $6.
Here’s one for the bearish trade. Do note that it is used [...]