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Tech

$FFIV ugly chart.

FFIV chart is ugly. The sharp fall from around $140 to $100 within 1 month shows inherent weakness.

Looking ahead, it has a gap resistance around $104.

If the broader market rallies and FFIV follows, there is a chance that it will hit kumo resistance at around $120 by July.

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Tech

F5 Networks, Inc (FFIV): Watch the kumo resistance

 

F5 has hit the kumo resistance since its last gap up.

Despite the gap up movement, F5 (FFIV) continues to remains in the bearish territory as it fails to break above the kumo resistance and establish a clear bullish trend.

Watch out if FFIV breaks below the support from Kijun sen at around 101.72

Categories
Tech

FFIV, RIMM: The 1 min chart to watch for

Note how it dip before being bought up again?