Palm has a nice little rally last Friday; from 11.02 to around 12.50 The end of day chart shows a bullish Tenkan sen – Kijun sen cross just below the kumo. This suggest that there may be resistance ahead (possibly at $12.60). At the same time, this rally brings back memories of PALM at 1… Continue reading Palm Inc. (PALM) : Bullish Tekan sen – Kijun sen cross
Palm had a nice little rally yesterday with fairly high volume.
I am not sure what causes it. It could be a short squeeze since PALM had recently announced that it is going to issue 16M shares.
But, on the Ichimoku’s chart, we can see that the price did not drop below the Ichimoku’s support level defined by the kumo.
RightNow Sees Profit In Q2 http://www.techrockies.com/story/0023155.html === Key Points: – Net income of $36k on revenues of $36.3M; previously $3.1M loss on revenue on same quarter last year. – third consecutive quarter of profitability for the firm. – profitability was driven by recurring revenue growth and management of its expenses. – new and renewing customers… Continue reading RightNow (RNOW) : Profit in Q2