Tag Palm

Entries 23 Total

Palm Inc. (PALM) : Bullish Tekan sen – Kijun sen cross

Jan 11, ’10 5:17 PM

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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Palm Inc. (PALM) : Ready for a bullish swing play

Nov 16, ’09 1:08 PM

PALM just had a few indicators lined up for a possible bullish swing play.

As we can see on the chart :

1. Stochastic has just crossed the 20% line

2. Force Index is showing signs of bullishness

3. Palm has moved up from its consolidation below 11.62 and has crossed the Tenkan sen.

4. At this moment, the bullish trend has not been developed yet as there is no Tenkan sen – Kijun sen cross.

2009Nov-Palm Inc-800x600

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A Review of Trend Trading with Ichimoku on PALM

Nov 4, ’09 5:19 PM

Here’s a review of how I have traded PALM using Ichimoku.

I will provide 2 set of entry and exit prices. You should be able to identify a 3rd set of entry and exit (which will not result in much profit).

1. Entry 1 (Jan 8, 2009)

- PALM gap up on news of Elevation Partners investing in it.

- The chart shows the price and Tenkan sen, Kijun sen going above the kumo

- Let’s assume we got in at the high of the day at 6.58 (Day 1)

- Subsequent days did not go below the low of Day 1, so we are not stop out.

2. Exit 1 (Feb 27, 2009)

- Tenkan sen – Kijun sen has a bearish cross

- We assume we get out at the low of the day at 7.124

- Profit = (7.124 – 6.58) = 0.544 per share

3. Entry 2 (March 23, 2009)

- Tenkan sen – Kijun sen Bullish cross

- Price also rebound off kumo support

- Get in on March 24 after the price has cleared the resistance at around 8.69 , entry price is 8.75

4.  Exit 2 (July 23, 2009)

- Tenkan sen – Kijun sen Bearish cross

- Get out at 13.71 (low of day)

- Profit = (13.71 – 8.75) = 4.96 per share

So, total profit is $5.50 per share (from the 2 trades)

2009Nov-Palm Inc-800x600

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