$AAPL continues to gap down on news that China Mobile is reducing its subsidy for iPhone 5c; a move that may have an impact on the sales. Currently, on the Ichimoku chart, a bearish cross is seen with a critical support level at $453.84 . Should the price level close below this or unable to… Continue reading $AAPL . Bearish cross and support
The Ichimoku chart is showing a good setup for $BBRY. Currently, it’s closing price is at $16.67. On the Ichimoku Daily Chart, a bearish cross seems to be forming and the thin kumo support below suggest weak support below. A break from this level will give us a target of $12.50 Some catalyst to consider:… Continue reading $BBRY . Blackberry Setup for bearish move
$NFLX was actually featured during Apple’s new iPad launch. However, despite being featured prominently, the share price did not react positively. While the general market has surge higher, NFLX is not going anywhere. On the Ichimoku chart, NFLX is now showing: 1. A bearish cross from the Tenkan sen and Kijun sen 2.… Continue reading $NFLX . Bearish?