Tibco Software, Inc (TIBX): After hours drop on Q2 forecasts


This is a follow up post on TIBX.

TIBX crept higher over the last 1-2 weeks since I last took profit around March 14.

Earnings was out yesterday after trading hours. Q1 revenue meets expectations, but Q2 forecast is not as rosy. And that causes after hours trading to plunge from $26.27 to $24.80

If TIBX fails to hold on to the gap support at around $25.15, it will probably fall off the kumo support.

By iam802

Trend trading with Ichimoku