3PAR (PAR) : Breaking Ichimoku Kumo Resistance

It seems that 3PAR is rallying again.

For the past 3-4 days, it has been trying to break the kumo resistance on the Ichimoku Daily Chart.

Currently, the price is right at the kumo resistance level at 10.70. Just ahead a little bit more, another resistance can be found at 10.87.

Looking at the leading kumo, we can also see that it has twisted; a suggestion that the trend has changed.

I will be very careful on placing big bets on 3PAR at this moment. It was only back in July that they issued revenue warning. What has changed since then?

The only thing I know is their appointment of a Regional Director for Asia Pacific. In my opinion, iff things go smoothly, the earliest we can see a deal will be February 2010. Remember, Asia Pacific is fragmented and is not a homogeneous market like the US, or Japan.

Vested. I have a small position as of this writing.

2009Sep-3par Inc-800x600


3PAR (PAR) : Appoints Regional Director of Asia Pacific Sales

This is good news.

Previously, one of the things that I do not like about 3PAR is the appointment of distributor for Asia Pacific without a person at ‘ground zero’ managing it.

APAC is a large region to cover and with each territory, it brings with it different challenges, business climate, and different ways of doing business.

Hopefully, with Vaughan Woods being appointed here, we can see some positive news from the region.

I will be interested to meet up and find out more about 3PAR’s strategy for the region.

What’s next?

Perhaps there will be more  partnership announcements ?

Australia economy is doing relatively well. Expect deals to come in from AU first.