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… Continue reading $TIVO : Breaks kumo support. Bearish trend confirmed.
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… Continue reading $GMCR . Can it stay above the kumo?
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… Continue reading $RIMM . Watch the Support.