3PAR bounces off the kumo support and previous day candle is showing a bullish engulment; a sign that the bulls will not let it goes down further.
Based on this, couple of things could happen (speculation):
1. Sales is going to meet expectations.
2. More development coming up. (Unlikely to be acquisition)
Edit (Update):
Looking at the Ichimoku chart again, I maintain the view that there is a need to keep a close watch on the Support levels.
The kumo support remains thin, though the leading kumo has developed a fair bit and is showing uptrend movement.
Protect the downside, and ride the upside 🙂
