Categories
Tech

$NFLX . Bearish?

 

 

$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. Sitting on a fairly thin kumo support

3. We can also see that the current price level is below the gap from Jan 26.

A drop below the kumo will allow us to have a target of $60 price range.

Categories
Tech

$RIMM . $20 is breached.

 

While Apple ($AAPL) is having their conference, $RIMM drop like a stone from its opening rally and breached the $20 mark.

Some key points from Apple’s conference:

1. 93% of Fortune 500 are testing or deploying iPhone (nail in the coffin for RIMM)

2. 3 out of 4 tablets sold in US are iPads

“Consumers don’t want tablets..they want iPads” – Tim Cooks

3. iMessages are pushed to all your devices – securely encrypted end-to-end

 

I believe the above 3 points are enough to show how much catch up RIMM has to do.

Categories
Tech

Apple Inc ($AAPL) : Gap down. More to come.

 

Yesterday, AAPL gap down to the $315 range with little resistance.

This comes right after its $326 level was broken; $326 was supported 3 times previously. With $326 giving way, $320 offers little support and AAPL fell through with a gap down.