Categories
Tech

$TIVO : Breaks kumo support. Bearish trend confirmed.

 

$TIVO breaks kumo support

 

5 year Ichimoku chart. Right at kumo support

TiVo ($TIVO), make its mark when they launched the first digital recorder more than a decade ago. They had ride the trend when demand for their box surge and at the same time cost of components fell.

With the success of Netflix, and upcoming challengers varying from Apple, Amazon and Google, it seems that the uptrend for TiVo has about to end.

The first Ichimoku chart shows that the price has pierce through the kumo support and is in bearish territories.

The second Ichimoku chart, which spans a 5 year period, shows the price level right at kumo support at around $11.99.

However, the kumo support is thin there and  price can easily drop below that level.

 

Categories
Consumer Goods

$GMCR . Can it stay above the kumo?

It seems like $GMCR is going to have a setup for a bearish move.

From the Ichimoku chart, we can identify the following trading signals:

1. Bearish cross from Tenkan sen and Kijun sen; reflective of the price dropped from $32 to $24

2. Thin kumo support below the current price level suggests that the support is not strong

3. Steep kumo from the past shows the huge change in business trends, a reminder of the changes its business challenges.

And here’s a reminder :

Why Einhorn shorted GMCR?

  • Low operating cash flow
  • Negative fre cash flow (and getting more negative)
  • CAPEX was high and rising
  • Valuations sky high
  • EPS was slowing and return on invested capital was relatively low
  • Increase competition (<< this is a killer, price pressure on product pricing)
  • Loss of exclusivity patents (where’s the moat?)
Categories
Tech

$RIMM . Watch the Support.

Apart from $GMCR , $RIMM is my next favourite stock for the year.

Here, we see $RIMM trading near the Chikou Span support level.

With hardly any new products, and a CEO still trying to find its way, there is a high chance that the earnings will be bad, inventory high and expenses need to be curb.