RIMM has break its support at $42.72 and is now poised to head towards the lows in 2008 (around $35). This is a fairly strong support as it was the lows of 2008 (during the financial crisis). It was tested twice and with it a ‘W’ pattern was formed and it rebounced off the… Continue reading Research In Motion ($RIMM): Strong support at $35
Netflix is a good example that if I trade based on my beliefs, I will be losing quite a fair bit of money by now. NFLX just announced that it has entered into an exclusive agreement with EPIX for their media library for distribution via the Internet. That itself is a good example of NFLX… Continue reading Netflix (NFLX) : Trade what you see.
Generally, when I have a bullish Tenkan sen Kijun sen cross, I would have follow my chart and trade accordingly. However, CSCO chart is showing 2 possible trends at the same time.